New Issue: Morgan Stanley prices $4.18 million six-year trigger PLUS tied to S&P

By Susanna Moon

Chicago, May 14 – Morgan Stanley Finance LLC priced $4.18 million of 0% trigger Performance Leveraged Upside Securities due May 3, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 134.3% of the gain.

If the index falls by up to its 65% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$4,177,250
Maturity:	May 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 134.3% of return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
Initial level:	2,648.05
Trigger level:	1,721.2325, 65% of initial level
Pricing date:	April 30
Settlement date:	May 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	40435M656

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