New Issue: Morgan Stanley prices $442,000 buffered PLUS linked to indexes

By Angela McDaniels

Tacoma, Wash., July 1 – Morgan Stanley Finance LLC priced $761,000 of 0% buffered Performance Leveraged Upside Securities due June 28, 2024 linked to an equally weighted basket consisting of the S&P 500 index, the Russell 2000 index and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 45%. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

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, Russell 2000 and S&P MidCap 400, equally weighted
Amount:	$761,000
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 150% of basket return, subject to 45% maximum return; par if basket declines by 20% or less; 1% loss for every 1% that basket declines beyond 20%
Initial levels:	2,917.38 for S&P 500, 1,521.035 for Russell 2000 and 1,901.33 for S&P MidCap 400
Pricing date:	June 25
Settlement date:	June 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61769HDK8

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