New Issue: Morgan Stanley prices $2.87 million buffered participation securities linked to S&P 500

New York, June 3 – Morgan Stanley Finance LLC priced $2.87 million of 0% Buffered participation securities due May 31, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 105% of the index return.

Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	S&P 500 index
Amount:	$2,873,000
Maturity:	May 31, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 105% of index return; par if index declines by 30% or less; 1% loss for every 1% that index declines beyond 30%
Initial level:	3,978.73
Buffer level:	2,785.111, 70% of initial level
Upside leverage:	105%
Cap:	None
Pricing date:	May 25
Settlement date:	May 31
Agent:	Morgan Stanley & Co. LLC
Fees:	2.8%
Cusip:	61773Q6E4

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