New Issue: Morgan Stanley prices $650,000 PLUS linked to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 2 – Morgan Stanley Finance LLC priced $650,000 of 0% Performance Leveraged Upside Securities due Dec. 30, 2024 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. If the index return is negative, investors will be exposed to the decline, subject to a minimum payout of 50% of par.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$650,000
Maturity:	Dec. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 105% of index return; if index return is negative, exposure to decline, subject to a minimum payout of 50% of par
Initial level:	3,221.22
Pricing date:	Dec. 20
Settlement date:	Dec. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61769HY33

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