New Issue: Morgan Stanley prices $1.17 million Trigger PLUS on Stoxx indexes

By Kiku Steinfeld

Chicago, Nov. 14 – Morgan Stanley Finance LLC priced $1.17 million of 0% Trigger PLUS due March 16, 2027 linked to the Euro Stoxx 50 index and Stoxx Europe 600 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 255% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger PLUS
Underlying indexes:	Euro Stoxx 50 index and Stoxx Europe 600 index
Amount:	$1,168,000
Maturity:	March 16, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 255% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial levels:	3,686.78 for Euro Stoxx, 431.17 for Stoxx Europe
Trigger level:	2,580.746 for Euro Stoxx, 301.819 for Stoxx Europe, 70% of initial level
Upside leverage:	255%
Cap:	None
Pricing date:	March 11
Settlement date:	March 16
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61773QNH8

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