New Issue: Morgan Stanley prices $1.96 million buffered PLUS on S&P 500

By Kiku Steinfeld

Chicago, Nov. 29 – Morgan Stanley Finance LLC priced $1.96 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2024 tied to the S&P 500 index, according to a 424B2 filing 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 200% of the index return, subject to a maximum payment of 13.6%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$1,962,040
Maturity:	March 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 200% of index gain, subject to $11.36 maximum payment per each $10 face amount of notes; par if index declines by 10% or less; 1% loss for every 1% that index declines below 10%
Initial level:	4,468.00
Buffer level:	4,021.20, 90% of initial level
Pricing date:	Aug. 13
Settlement date:	Aug. 18
Agent:	Morgan Stanley & Co. LLC
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	61772Y624

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