New Issue: Morgan Stanley prices $577,000 PLUS linked to S&P, Nasdaq

By Kiku Steinfeld

Chicago, April 3 – Morgan Stanley Finance LLC priced $577,000 of 0% PLUS due Dec. 12, 2025 linked to the S&P 500 index and Nasdaq-100 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 300% of the return of that index, subject to a maximum return of par plus 60%. Investors will lose 1% for every 1% that the worst performing index declines.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	PLUS
Underlying indexes:	S&P 500 index and Nasdaq-100 index
Amount:	$577,000
Maturity:	Dec. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 300% of that index's return, subject to a maximum return of par plus 60%; 1% loss for every 1% that worst performing index declines
Initial levels:	11,563.33 for Nasdaq, 3,934.38 for S&P
Upside leverage:	300%
Cap:	60%
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774HZ84

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