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Published on 4/14/2020 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.76 million buffered PLUS tied to Nasdaq, S&P, Dow

Chicago, April 14 – Morgan Stanley Finance LLC priced $1.76 million of 0% buffered Performance Leveraged Upside Securities due April 4, 2025 linked to the worst performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If all indexes finish above their initial level, the payout at maturity will be par plus 135% of the gain of the laggard index.

If any index falls but not by more than 30% of its initial level, the payout will be par.

Otherwise, investors will be exposed to any losses of the worst performer beyond the 30% buffer.

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
Underlying index:Nasdaq-100, S&P 500 and the Dow Jones industrial average
Amount:$1,764,000
Maturity:April 4, 2025
Coupon:0%
Price:Par
Payout at maturity:If final level of each is greater than initial index level, par plus 135% of least-performing index return; if lesser-performing index falls by up to 30%, par; otherwise, exposure to loss of least-performing index beyond 30%
Initial index levels:7,486.287 for Nasdaq, 2,470.50 for S&P and 20,943.51 for Dow
Buffer levels:5,240.401 for Nasdaq, 1,729.35 for S&P and 14,660.457 for Dow, 70% of initial levels
Pricing date:April 1
Settlement date:April 6
Agent:Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
Fees:0.625%
Cusip:61770FE44

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