New Issue: Morgan Stanley prices $1.6 million buffered PLUS tied to S&P, Nasdaq, Dow

By William Gullotti

Buffalo, N.Y., July 14 – Morgan Stanley Finance LLC priced $1.6 million of 0% buffered Performance Leveraged Upside Securities due July 6, 2027 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 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 163.5% of the gain of the least performing index.

If the least performing index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1.25% for each 1% decline of the worst performer beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Dow Jones industrial average
Amount:	$1.6 million
Maturity:	July 6, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 163.5% of return of least performing index; if least performing index falls by up to 20%, par; otherwise, 1.25% loss for each 1% decline of the worst performer beyond 20%
Initial levels:	11,503.72 for Nasdaq, 3,785.38 for S&P, 30,775.43 for Dow
Buffer levels:	9,202.976 for Nasdaq, 3,028.304 for S&P, 24,620.344 for Dow; 80% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0.1%
Cusip:	61774DSE8

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