New Issue: Morgan Stanley prices $1 million buffered partial participation securities tied to S&P, Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Morgan Stanley Finance LLC priced $1 million of 0% buffered partial participation securities due Nov. 19, 2021 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus 85% of any gain of the worst performing index.

If the worst performing index falls by up to 15%, the payout will be par.

If the worst performing index falls by more than 15%, investors will lose 1% for every 1% decline of that index beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered partial participation securities
Underlying index:	Nasdaq-100 index, Dow Jones industrial average and S&P 500
Amount:	$1 million
Maturity:	Nov. 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 85% of any gain of worst performing index; if worst performing index falls by up to 15%, par; if worst performing index falls by more than 15%, 1% loss for every 1% decline of that index beyond 15%
Initial index levels:	3,488.67 for S&P, 28,524.0 for Dow, 11,985.36 for Nasdaq
Buffer levels:	2,965.37 for S&P, 24,236.9 for Dow, 10,187.556 for Nasdaq; 85% of initial levels
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	0.22%
Cusip:	61771ECV8

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