New Issue: Morgan Stanley prices $3.06 million buffered PLUS on the Dow

By Sarah Lizee

Olympia, Wash., Jan. 3 – Morgan Stanley Finance LLC priced $3.06 million of 0% buffered Performance Leveraged Upside Securities due Dec. 30, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 220% of the index return, capped at par plus 11.75%. Investors will receive par if the index declines by 5% or less and will lose 1.0526% for every 1% that it declines beyond 5%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Dow Jones industrial average
Amount:	$3,058,000
Maturity:	Dec. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 220% of index return, capped at par plus 11.75%; par if index declines by 5% or less; 1.0526% loss for every 1% that it declines beyond 5%
Initial level:	28,551.53
Buffer level:	27,123.954, 95% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 27
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61769H6J9

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