New Issue: Morgan Stanley prices $1.46 million buffered participation securities linked to Dow

Chicago, June 8 – Morgan Stanley Finance LLC priced $1.46 million of 0% buffered participation securities due Nov. 27, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return subject to a maximum return of par plus 42%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	Dow Jones industrial average
Amount:	$1,457,000
Maturity:	Nov. 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return subject to a maximum return of par plus 42%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial level:	35,813.80
Buffer level:	28,651.04, 80% of initial level
Upside leverage:	100%
Cap:	42%
Pricing date:	Nov. 23, 2021
Settlement date:	Nov. 29, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3.3%
Cusip:	61773HCP2

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