New Issue: Morgan Stanley prices $1.28 million buffered PLUS tied to index, ETFs

By Sarah Lizee

Olympia, Wash., Nov. 12 – Morgan Stanley Finance LLC priced $1.28 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2022 linked to the worse performing of the Euro Stoxx 50 index, the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each asset finishes above the initial level, the payout at maturity will be par plus 275% of the gain of the worse performing asset.

If any asset falls but not below the 80% downside threshold, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% decline of the least performing asset beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying assets:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
Amount:	$1,275,000
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes above the initial level, par plus 275% of the gain of the worse performing asset; if any asset falls but not below the 80% downside threshold, par; otherwise, investors will lose 1.25% for every 1% decline of the least performing asset beyond 20%
Initial levels:	3,604.41 for index, $42.58 for EM, $67.42 for EAFE
Downside thresholds:	80% of initial levels
Pricing date:	Nov. 1
Settlement date:	Nov. 6
Agent:	Morgan Stanley & Co. LLC
Fees:	2.6%
Cusip:	61769HM93

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