New Issue: Morgan Stanley prices $250,000 buffered PLUS linked to Russell, S&P

By Sarah Lizee

Olympia, Wash., Sept. 30 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered Performance Leveraged Upside Securities due Sept. 30, 2024 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is greater than or equal to its initial value, the payout will be par plus 110% of the lesser performing index’s return.

If either index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 25%.

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:	Russell 2000 and S&P 500
Amount:	$250,000
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is greater than or equal to its initial value, par plus 110% of the lesser performing index’s return; if either index falls by up to 25%, par; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 25%
Initial levels:	1,550.654 for Russell, 2,984.87 for S&P
Buffer levels:	1,162.991 for Russell, 2,238.653 for S&P; 75% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	4.25%
Cusip:	61769HSX4

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