New Issue: Morgan Stanley prices $1.11 million buffered participation securities on indexes

Chicago, Nov. 1 – Morgan Stanley Finance LLC priced $1.11 million of 0% buffered participation securities due March 4, 2027 linked to the worst performing of the S&P 500 index, Dow Jones industrial average and Russell 2000 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 111% of the return of that index. Investors will receive par if the worst performing index declines by 30% or less and will lose 1% for every 1% that the worst performing index declines beyond 30%.

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 indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$1.11 million
Maturity:	March 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 111% of that index's return; par if worst performing index declines by 30% or less; 1% loss for every 1% that worst performing index declines beyond 30%
Initial levels:	33,892.60 for Dow, 2,048.089 for Russell, 4,373.94 for S&P
Buffer:	30%
Buffer levels:	23,724.82 for Dow, 1,433.662 for Russell, 3,061.758 for S&P, 70% of initial levels
Upside leverage:	111%
Cap:	None
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773H4C0

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