New Issue: Morgan Stanley prices $500,000 PLUS linked to Dow, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., July 22 – Morgan Stanley Finance LLC priced $500,000 of 0% Performance Leveraged Upside Securities due July 6, 2027 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If each index finishes positive, the payout at maturity will be par plus 205% of the gain of the laggard index. Investors will lose 1% for each 1% decline of the worst performer from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:	$500,000
Maturity:	July 6, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 205% of the laggard index’s return; otherwise, 1% loss for every 1% that the worst performer finishes below its initial level
Initial levels:	11,503.72 for Nasdaq, 1,707.99 for Russell, 30,775.43 for Dow
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0.8%
Cusip:	61774DTU1

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