New Issue: Morgan Stanley prices $2.24 million capped leveraged buffered notes on index basket

By William Gullotti

Buffalo, N.Y., Dec. 14 – Morgan Stanley Finance LLC priced $2.24 million of 0% capped leveraged buffered notes due Sept. 13, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.

The payout at maturity will be par plus 180% of any basket gain, capped at 51.84%.

Investors will receive par if the basket declines by 17.5% or less and will lose 1.2121% for every 1% that it declines beyond 17.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Tokyo Stock Price (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
Amount:	$2,235,000
Maturity:	Sept. 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 180% of any basket gain, subject to a maximum payout of par plus 51.84%; par if basket falls by up to 17.5%; 1.2121% loss for every 1% drop beyond 17.5%
Initial levels:	3,585.58 for Stoxx, 1,907.14 for Tokyo, 7,013.48 for FTSE, 10,773.34 for Swiss, 6,798.616 for S&P/ASX
Pricing date:	Oct. 25
Settlement date:	Nov. 1
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61774HTY4

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