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Published on 12/16/2020 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $737,000 lookback entry PLUS tied to S&P 500

By Kiku Steinfeld

Chicago, Dec. 16 – Morgan Stanley Finance LLC priced $737,000 of 0% lookback entry Performance Leveraged Upside Securities due Nov. 12, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The initial index level is set at 3,269.96, the lowest closing level of the index during the period from the Oct. 30 pricing date up to and including Nov. 30.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 8%.

Investors will be fully exposed to any losses from the initial index level.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Lookback entry Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$737,000
Maturity:Nov. 12, 2021
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 200% of any gain, subject to 8% maximum return; full exposure to decline
Initial index level:3,269.96, lowest closing level of index during period from pricing date up to and including Nov. 30
Pricing date:Oct. 30
Settlement date:Nov. 4
Agent:Morgan Stanley & Co. LLC
Fees:0.75%
Cusip:61771EEL8

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