New Issue: Morgan Stanley prices $1.38 million PLUS linked to Dow, Russell, S&P

By William Gullotti

Buffalo, N.Y., July 18 – Morgan Stanley Finance LLC priced $1.38 million of 0% Performance Leveraged Upside Securities due July 5, 2023 linked to the performance of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If each index finishes positive, the payout at maturity will be par plus 164% of the gain of the laggard index. Investors will lose 1% for each 1% decline of the worst performer from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:	$1,379,000
Maturity:	July 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 164% of the laggard index’s return; otherwise, 1% loss for every 1% that the worst performer finishes below its initial level
Initial levels:	4,793.06 for S&P, 2,249.244 for Russell, 36,488.63 for Dow
Pricing date:	Dec. 29, 2021
Settlement date:	Jan. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61773HVY2

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