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Published on 3/28/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley adds $135,000 buffered PLUS linked to Nasdaq, S&P, EAFE

Chicago, March 28 – Morgan Stanley Finance LLC priced $135,000 more 0% buffered Performance Leveraged Upside Securities due April 30, 2026 linked to the worst performing of the Nasdaq-100 index, the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 118% of the return of that index. Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index 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:Nasdaq-100 index, S&P 500 index and MSCI EAFE index
Amount:$135,000
Maturity:April 30, 2026
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 118% of that index's return; par if worst performing index declines by 20% or less; 1% loss for every 1% that worst performing index declines beyond 20%
Initial levels:2,289.83 for MSCI EAFE, 13,960.28 for Nasdaq-100, 4,186.72 for S&P 500
Buffer levels:1,831.864 for MSCI EAFE, 11,168.224 for Nasdaq-100, 3,349.376 for S&P 500, 80% of initial levels
Upside leverage:118%
Cap:None
Pricing date:April 27, 2021
Settlement date:April 30, 2021
Agent:Morgan Stanley & Co. LLC
Fees:3.75%
Total issue size:$385,000 with notes issued April 29, 2021
Cusip:61771VSA9

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