New Issue: Morgan Stanley prices $3.32 million PLUS linked to Russell 2000

New York, June 10 – Morgan Stanley Finance LLC priced $3.32 million of 0% PLUS due Sept. 6, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 23.5%.

Investors will be fully exposed to any index decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	PLUS
Underlying index:	Russell 2000 index
Amount:	$3,316,340
Maturity:	Sept. 6, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 23.5%; otherwise, 1% loss for every 1% decline from initial level
Initial level:	1,864.043
Upside leverage:	300%
Cap:	23.5%
Pricing date:	May 31
Settlement date:	June 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25% including a structuring fee of 0.5%
Cusip:	61773Y763

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