New Issue: Morgan Stanley prices $1.3 million buffered PLUS on iShares MSCI EAFE ETF

By Kiku Steinfeld

Chicago, Oct. 15 – Morgan Stanley Finance LLC priced $1.3 million of 0% buffered Performance Leveraged Upside Securities due Aug. 31, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum return of 15.6%. Investors will receive par if the ETF 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 ETF:	iShares MSCI EAFE ETF
Amount:	$1,299,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, subject to 15.6% maximum return; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$78.67
Buffer level:	$70.803, 90% of initial level
Pricing date:	July 23
Settlement date:	July 28
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773FJW4

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