New Issue: Morgan Stanley prices $1.72 million buffered PLUS linked to Dow, S&P

New York, June 14 – Morgan Stanley Finance LLC priced $1.72 million of 0% buffered PLUS due June 5, 2025 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 114% of the return of that index.

Investors will receive par if the worst performing index declines by 15% or less and will lose 1% for every 1% that the worst performing index declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$1.72 million
Maturity:	June 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 114% of that index's return; par if worst performing index declines by 15% or less; 1% loss for every 1% that worst performing index declines beyond 15%
Initial levels:	32,990.12 for Dow Jones industrial average, 4,132.15 for S&P 500
Buffer level:	28,041.602 for Dow Jones industrial average, 3,512.328 for S&P 500, 85% of initial level
Upside leverage:	114%
Cap:	None
Pricing date:	May 31
Settlement date:	June 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61774DCJ4

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