New Issue: Morgan Stanley prices $565,000 buffered PLUS tied to Nasdaq, S&P, Dow

By Sarah Lizee

Olympia, Wash., April 14 – Morgan Stanley Finance LLC priced $565,000 of 0% buffered Performance Leveraged Upside Securities due April 8, 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 153% of the gain of the laggard index.

If any index falls but not by more than 20% of its initial level, the payout will be par.

Otherwise, investors will be exposed to any losses of the worst performer beyond the 20% 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:	$565,000
Maturity:	April 8, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus 153% of least-performing index return; if lesser-performing index falls by up to 20%, par; otherwise, exposure to loss of least-performing index beyond 20%
Initial index levels:	7,528.114 for Nasdaq, 2,488.65 for S&P and 21,052.53 for Dow
Buffer levels:	6,022.491 for Nasdaq, 1,990.92 for S&P and 16,842.024 for Dow, 80% of initial levels
Pricing date:	April 3
Settlement date:	April 8
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61770FH90

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