New Issue: Morgan Stanley sells $2.74 million buffered PLUS on Euro Stoxx 50

By Kiku Steinfeld

Chicago, April 21 – Morgan Stanley Finance LLC priced $2.74 million of 0% buffered Performance Leveraged Upside Securities due Oct. 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 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 of $10 plus 200% of the index return, subject to a maximum payout of $12.17 per PLUS. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$2,739,250
Maturity:	Oct. 4, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at $12.17 per PLUS; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	3,919.21
Trigger level:	3,527.289 or 90% of initial level
Pricing date:	March 31
Settlement date:	April 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61771U540

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