New Issue: Morgan Stanley prices $2.07 million dual directional buffered participation securities

New York, Nov. 30 – Morgan Stanley Finance LLC priced $2.07 million of 0% dual directional buffered participation securities due May 3, 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 the return of that index.

Investors will receive par plus absolute return of the worst performing index if it declines but by no more than 10% and will be exposed to any decline in the worst performing index beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional buffered participation securities
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$2,067,000
Maturity:	May 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus that index's return; par plus absolute return of worst performing index if it declines by no more than 10%; otherwise, 1% loss for every 1% decline of worst performing index beyond 10%
Initial levels:	11,405.57 for Nasdaq-100, 1,846.863 for Russell 2000
Buffer:	10%
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61774HLC0

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