New Issue: Morgan Stanley prices $1.53 million buffered PLUS on Stoxx

By Sarah Lizee

Olympia, Wash., March 20 – Morgan Stanley Finance LLC priced $1.53 million of 0% buffered Performance Leveraged Upside Securities due Oct. 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, capped at par plus 39.4%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$1,532,250
Maturity:	Euro Stoxx 50
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return capped at par plus 39.4%; par if index declines by buffer level or less; 1% loss for every 1% that index declines beyond buffer
Initial level:	2,586.02
Buffer level:	2,198.117, 85% of initial level
Pricing date:	March 13
Settlement date:	March 18
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	61770G716

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