New Issue: Morgan Stanley prices $1.86 million PLUS linked to weighted index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Morgan Stanley Finance LLC priced $1.86 million of 0% Performance Leveraged Upside Securities due Aug. 1, 2028 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 45% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 136% of the basket return.

If the basket declines, investors will lose 1% for every 1% that the basket declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 index (45% weight), Russell 2000 index (20% weight), iShares MSCI EAFE ETF (20% weight),	iShares MSCI Emerging Markets ETF (15% weight),
Amount:	$1,864,000
Maturity:	Aug. 1, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial level, par plus 136% of basket return; full exposure to loss
Initial index levels:	4,537.41 for S&P, 1,954.896 for Russell, $73.91 for EAFE, $40.94 for Emerging Markets
Pricing date:	July 27
Settlement date:	Aug. 1
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61775HNL7

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