New Issue: Morgan Stanley sells $952,000 trigger PLUS linked to Russell 2000, Dow

By Sarah Lizee

Olympia, Wash., Sept. 6 – Morgan Stanley Finance LLC priced $952,000 of 0% trigger Performance Leveraged Upside Securities due Sept. 6, 2023 linked to the lesser performing of the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 4 times the gain of the worse performing index up to a maximum payment of $1,700 per $1,000 principal amount.

If either index falls by up to 40%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average
Amount:	$952,000
Maturity:	Sept. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 400% of return of worse performing index, capped at $1,700 per $1,000 principal amount; if either index falls by up to 40%, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	25,964.82 for Dow, 1,740.753 for Russell
Trigger levels:	15,578.892 for Dow, 1,044.452 for Russell, 60% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Morgan Stanley & Co. LLC
Fees:	1.25%
Cusip:	61768DBK0

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