New Issue: Morgan Stanley sells $615,000 dual directional buffered PLUS on Stoxx

By Kiku Steinfeld

Chicago, July 8 – Morgan Stanley Finance LLC priced $615,000 of 0% dual directional buffered Performance Leveraged Upside Securities due Dec. 30, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 110% of the gain.

If the index declines by up to 20%, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$615,000
Maturity:	Dec. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains, par plus 110% of the return; if the index falls by up to buffer level, par plus absolute value of the return; otherwise, lose 1% for every 1% decline below buffer
Initial level:	4,217.06
Buffer level:	3,373.648; 80% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 29
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61773HST7

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