New Issue: Morgan Stanley sells $6.23 million buffered PLUS on S&P

By Sarah Lizee

Olympia, Wash., Aug. 8 – Morgan Stanley Finance LLC priced $6.23 million of 0% buffered Performance Leveraged Upside Securities due Feb. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus the upside payment of 200% of the index return, capped at par plus 18.25%.

If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, investors will lose 1% for every 1% for every decline beyond 10%.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,232,900
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, the payout at maturity will be par plus the upside payment of 200% of the index return, capped at par plus 18.25%; if index declines by 10% or less, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial index value:	2,980.38
Buffer amount:	2,682.342, 90% of initial amount
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	61769Q337

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