New Issue: Morgan Stanley prices $1.13 million Trigger PLUS linked to indexes

By Kiku Steinfeld

Chicago, June 23 – Morgan Stanley Finance LLC priced $1.13 million of 0% trigger Performance Leveraged Upside Securities due Dec. 15, 2026 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, 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 145% of the return of the worst performing index. Investors will receive par if the worst performing index declines but finishes at or above 60% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:	$1,125,000
Maturity:	Dec. 15, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial levels:	35,970.99 for Dow, 16,331.98 for Nasdaq, 2,211.806 for Russell
Downside thresholds:	25,179.693 for Dow, 11,432.386 for Nasdaq, 1,548.264 for Russell, 70% of initial levels
Upside leverage:	145%
Pricing date:	Dec. 10, 2021
Settlement date:	Dec. 15, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3.625%
Cusip:	61773HPF0

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