By Kiku Steinfeld
Chicago, Aug. 31 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered Performance Leveraged Upside Securities due July 6, 2023 linked to the worst performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 150% of the return of the lesser-performing index, capped at 28.8%.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to 90% of its initial level, the payout will be par.
If the final level of either index is less than 90% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying indexes: | Russell 2000 and Nasdaq-100
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| Amount: | $250,000
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| Maturity: | July 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 150% of return of lesser-performing index, capped at 28.8%; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to 90% of initial level, par; if final level of either index is less than 90% of initial level, 1% loss for every 1% that lesser-performing index declines beyond 10%
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| Initial levels: | 2,310.549 for Russell 2000 and 14,554.80 for Nasdaq-100
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| Buffer levels: | 2,079.494 for Russell 2000 and 13,099.32 for Nasdaq-100; 90% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773FCD3
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