New Issue: Morgan Stanley prices $2.11 million buffered PLUS tied to Russell, Dow, Nasdaq

By William Gullotti

Buffalo, N.Y., Aug. 10– Morgan Stanley Finance LLC priced $2.11 million of 0% buffered Performance Leveraged Upside Securities due Nov. 25, 2022 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above the initial level, the payout at maturity will be par plus 108% of the gain of the worst performing index.

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

Otherwise, investors will lose 1% for each 1% decline of the worst performing index beyond the 15% buffer.

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, Dow Jones industrial average
Amount:	$2.11 million
Maturity:	Nov. 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 108% of return of worse performing index; if either index falls by up to buffer level, par; otherwise, 1% loss for each 1% decline beyond 15% buffer
Initial levels:	13,237.91for Nasdaq, 2,193.642 for Russell, 33,896.04 for Dow
Buffer levels:	11,252.224 for Nasdaq, 1,864.596 for Russell, 28,811.634 for Dow; 85% of initial levels
Pricing date:	May 19
Settlement date:	May 24
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61771VX62

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