New Issue: Morgan Stanley prices $1.43 million Buffered PLUS linked to S&P 500

New York, Aug. 10 – Morgan Stanley Finance LLC priced $1.43 million of 0% Buffered PLUS due July 27, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 39.05%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying index:	S&P 500 index
Amount:	$1,427,000
Maturity:	July 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 39.05%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,582.23
Buffer:	10%
Buffer level:	4,124.007, 90% of initial level
Upside leverage:	200%
Cap:	39.05%
Pricing date:	July 28
Settlement date:	Aug. 2
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61775HSS7

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