New Issue: Morgan Stanley prices $1.03 million buffered PLUS tied to S&P, Russell, Dow

By William Gullotti

Buffalo, N.Y., July 14 – Morgan Stanley Finance LLC priced $1.03 million of 0% buffered Performance Leveraged Upside Securities due July 6, 2027 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above the initial level, the payout at maturity will be par plus 137% of the gain of the least performing index.

If the least performing index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 30%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:	$1.03 million
Maturity:	July 6, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 137% of return of least performing index; if least performing index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of the worst performer beyond 30%
Initial levels:	1,707.99 for Russell, 3,785.38 for S&P, 30,775.43 for Dow
Buffer levels:	1,195.593 for Russell, 2,649.766 for S&P, 21,542.801 for Dow; 70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61774DKC0

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