New Issue: Morgan Stanley prices $1.05 million Buffered PLUS linked to indexes, ETF

By Kiku Steinfeld

Chicago, May 5 – Morgan Stanley Finance LLC priced $1.05 million of 0% Buffered Performance Leveraged Upside Securities due Oct. 4, 2023 linked to the Nasdaq-100 index, S&P 500 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest asset return is positive, the payout at maturity will be par plus 150% of that return, capped at 21%. Investors will receive par if the worst performing asset declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underliers:	Nasdaq-100 index, S&P 500 index and iShares MSCI EAFE ETF
Amount:	$1,052,000
Maturity:	Oct. 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing asset is positive, par plus 150% of that asset's return, capped at 21%; par if worst performing asset declines by 20% or less; 1% loss for every 1% that worst performing asset declines beyond 20%
Initial levels:	$78.32 for ETF, 14,752.89 for Nasdaq, 4,359.46 for S&P
Buffer levels:	$62.656 for ETF, 11,802.312 for Nasdaq, 3,487.568 for S&P, 80% of initial levels
Upside leverage:	150%
Cap:	0%
Pricing date:	Sept. 29, 2021
Settlement date:	Oct. 4, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773FM83

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