New Issue: Morgan Stanley prices $886,000 buffered participation securities tied to S&P

By Kiku Steinfeld

Chicago, March 13 – Morgan Stanley Finance LLC priced $886,000 of 0% buffered participation securities due March 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index declines by up to 22% and will be exposed to losses beyond 22%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	S&P 500
Amount:	$886,000
Maturity:	March 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to buffer; exposure to losses beyond buffer
Initial index level:	2,954.22
Buffer level:	2,304.292, 78% of initial level
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61770FHM1

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