New Issue: Morgan Stanley prices $275,000 more buffered PLUS on S&P

By Sarah Lizee

Olympia, Wash., March 31 – Morgan Stanley Finance LLC priced $275,000 more 0% buffered Performance Leveraged Upside Securities due March 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

As previously reported, the issuer priced $1 million of the buffered PLUS on March 16.

If the index return is positive, the payout at maturity will be par of $10 plus 126% of the index return. Investors will receive par if the index 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 index:	S&P 500
Amount:	$275,000
Maturity:	March 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 126% of index return; par if index declines by buffer level or less; 1% loss for every 1% that index declines beyond buffer
Initial level:	2,386.13
Buffer level:	1,908.904, 80% of initial level
Pricing date:	March 24
Settlement date:	March 25
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61770FUN4
Total issuance:	$1,275,000, including $1 million priced on March 16

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