New Issue: Morgan Stanley prices $2.35 million leveraged buffered index-linked notes on MSCI EAFE

By William Gullotti

Buffalo, N.Y., April 23 – Morgan Stanley Finance LLC priced $2.35 million of 0% leveraged buffered index-linked notes due Sept. 5, 2025 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 2.5 times the index gain, subject to a maximum return of par plus 19.75%.

Investors will receive par if the index falls by up to 12.5% and will share in losses at a rate of 1.1429% per 1% drop beyond 12.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE index
Amount:	$2,347,000
Maturity:	Sept. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 2.5 times the index gain, capped at 19.75%; par if index falls by up to 12.5%; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	2,237.99
Buffer level:	1,958.24125; 87.5% of initial level
Pricing date:	April 17
Settlement date:	April 24
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61776LWC7

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