New Issue: Morgan Stanley sells $5.28 million trigger in-start securities on S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 31 – Morgan Stanley Finance LLC priced $5.28 million of trigger in-start securities due July 30, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes above the in-start level, 64.94% of the initial level, the payout at maturity will be par plus 1% for each 1% index finishes above in-start level. Otherwise, investors will be fully exposed to the decline of the index.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger in-start securities
Underlying index:	S&P 500
Amount:	$5,275,000
Maturity:	July 30, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above in-start level, par plus 1% for each 1% index finishes above in-start level; otherwise, full exposure to decline of index
Initial index level:	3,003.67
Downside threshold:	1,950.58; 64.94% of initial level
Pricing date:	July 25
Settlement date:	July 30
Agents:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	5%
Cusip:	61769Q410

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