New Issue: Morgan Stanley sells $1.68 million buffered PLUS linked to Stoxx

By Sarah Lizee

Olympia, Wash., July 21 – Morgan Stanley Finance LLC priced $1.68 million of 0% buffered Performance Leveraged Upside Securities due Feb. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 20.8%. Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$1,678,320
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 20.8%; par if index declines by buffer level or less; 1% loss for every 1% index decline beyond buffer
Initial level:	3,365.60
Buffer level:	3,029.04, 90% of initial level
Pricing date:	July 17
Settlement date:	July 22
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	61771C508

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