New Issue: Morgan Stanley prices $6.96 million PLUS notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – Morgan Stanley Finance LLC priced $6.96 million of 0% Performance Leveraged Upside Securities (PLUS) due May 5, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of par plus 13.5%. Investors will be fully exposed to any index decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,964,090
Maturity:	May 5, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at maximum return of par plus 13.5%; full exposure to any index decline
Initial index level:	3,714.24
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	Morgan Stanley & Co. Inc.
Fees:	2.25%
Cusip:	61771J545

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