New Issue: Morgan Stanley sells $1.1 million buffered PLUS on Nasdaq-100, Russell

By Tali Rackner

Minneapolis, March 29 – Morgan Stanley Finance LLC priced $1.1 million of 0% buffered Performance Leveraged Upside Securities due Feb. 29, 2024 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above its initial level, the payout at maturity will be par of $1,000 plus 1.29 times the gain of the lesser-performing index.

If either index falls but neither falls by more than 25%, the payout will be par. Investors will be exposed to any decline in the lesser-performing index beyond 25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100, Russell 2000
Amount:	$1,112,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index finishes positive, par plus 1.29 times gain of lesser-performing index; par if either index falls by up to 25%; full exposure to losses of lesser-performing index beyond 25%
Initial index levels:	6,989.097 for Nasdaq-100, 1,559.332 for Russell
Buffer levels:	5,241.823 for Nasdaq-100, 1,169.499 for Russell; 75% of initial levels
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.35%
Cusip:	61768CG50

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