New Issue: Morgan Stanley prices $460,000 accelerated return securities linked to MSCI EAFE

By Kiku Steinfeld

Chicago, April 6 – Morgan Stanley Finance LLC priced $460,000 of 0% accelerated return securities due Dec. 17, 2027 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 145% of the index return. If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% that the index declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	MSCI EAFE index
Amount:	$460,000
Maturity:	Dec. 17, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of index is positive, par plus 145% of index return; par if index falls by up to 15%, 1% loss for every 1% that index declines beyond buffer
Initial level:	2,013.56
Upside leverage:	145%
Buffer level:	1,711.526, 85% of initial level
Cap:	None
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774TAU6

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