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Published on 4/9/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.07 million Buffered PLUS linked to Tokyo Stock Price

New York, April 9 – Morgan Stanley Finance LLC priced $2.07 million of 0% Buffered PLUS due April 6, 2028 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 195% of the index return.

Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

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:Tokyo Stock Price index
Amount:$2,065,000
Maturity:April 6, 2028
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 195% of index return; par if index declines by 15% or less; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:2,706.51
Buffer:15%
Buffer level:2,300.534, 85% of initial level
Upside leverage:195%
Pricing date:April 3
Settlement date:April 8
Agent:Morgan Stanley & Co. LLC
Fees:2.75%
Cusip:61776LKW6

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