New Issue: Morgan Stanley sells $10.55 million fixed-income buffered securities on Russell, Nasdaq

Chicago, June 29 – Morgan Stanley Finance LLC priced $10.55 million of 5% fixed income buffered securities due Dec. 27, 2022 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Interest is payable semiannually.

The payout at maturity will be par plus the coupon unless either index finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% that the lesser-performing index declines beyond the 20% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income buffered securities
Underlying indexes:	Russell 2000 index and Nasdaq-100 index
Amount:	$10,547,000
Maturity:	Dec. 27, 2022
Coupon:	5% per year, payable semiannually
Price:	Par
Payout at maturity:	Par plus the coupon unless either underlier finishes below its buffer level, in which case investors will lose 1.25% for every 1% that lesser-performing underlier declines beyond buffer
Initial levels:	2,286.093 for Russell, 14,137.23 for Nasdaq
Buffer levels:	1,828.874 for Russell, 11,309.784 for Nasdaq; 80% of initial levels
Pricing date:	June 21
Settlement date:	June 24
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61773FBF9

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