New Issue: Morgan Stanley prices $804,000 Trigger PLUS linked to Nasdaq, Russell

By Kiku Steinfeld

Chicago, July 7 – Morgan Stanley Finance LLC priced $804,000 of 0% Trigger Performance Leveraged Upside Securities due Dec. 27, 2024 linked to the Nasdaq-100 index and Russell 2000 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 200% of its return, subject to a maximum return of par plus 45%. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger 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 indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$804,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 200% of its gain, subject to a maximum return of par plus 45%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial levels:	16,180.14 for Nasdaq, 2,221.903 for Russell
Trigger level:	11,326.098 for Nasdaq, 1,555.332 for Russell, 70% of initial levels
Upside leverage:	200%
Cap:	45%
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61773HLA5

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