New Issue: Morgan Stanley prices $850,000 Trigger PLUS linked to Dow, Russell, Nasdaq

By Kiku Steinfeld

Chicago, March 11 – Morgan Stanley Finance LLC priced $850,000 of 0% Trigger Performance Leveraged Upside Securities due Sept. 17, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 127.25% of the return of that index. Investors will receive par if the worst performing index falls but finishes at or above its 50% trigger level. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$850,000
Maturity:	Sept. 17, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 127.25% of any gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performer
Initial levels:	34,577.57 for Dow, 15,382.90 for Nasdaq, 2,209.985 for Russell
Trigger levels:	17,288.785 for Dow, 7,691.45 for Nasdaq, 1,104.993 for Russell, 50% of initial levels
Pricing date:	Sept. 14, 2021
Settlement date:	Sept. 17, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773FB85

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