New Issue: Morgan Stanley prices $4.68 million buffered PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 7 – Morgan Stanley Finance LLC priced $4.68 million of 0% buffered Performance Leveraged Upside Securities due March 3, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par of $10 plus 116% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$4,678,800
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 116% of index return; par if index declines by 20% or less; 1% loss for every 1% decline beyond 20%
Initial index level:	2,363.64
Buffer level:	1,890.912, 80% of initial level
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Morgan Stanley & Co. LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	61766V289

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