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Published on 3/3/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $5.01 million of market-linked securities on three indexes

Chicago, March 4 – Morgan Stanley Finance LLC priced $5.01 million of market-linked securities – autocallable with contingent downside due Feb. 25, 2028 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called early if all three indexes close above their initial levels on any of the quarterly calculation date starting after one year. The redemption amount will be par plus an annualized 9.5% rate.

The maturity date premium is 38%.

If the notes are not called, the payout at maturity if all three indexes close above the 70% threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Morgan Stanley is the guarantor.

Wells Fargo Securities LLC and Morgan Stanley are the agents.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Market-linked securities – autocallable with contingent downside
Underlying indexes:S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:$5,005,000
Maturity:Feb. 25, 2028
Coupon:0%
Price:Par
Payout at maturity:Par plus 38% if called; if not called, par unless any index falls below the 70% threshold, in which case investors will be fully exposed to any decline of the worst performing index
Call:Par plus 9.5% annual rate if all three indexes close above initial levels on quarterly call calculation date starting after one year
Initial levels:39,069.11 for Dow, 2,013.838 for Russell, 5,087.03 for S&P
Threshold levels:27,348.377 for Dow, 1,409.6866 for Russell, 3,560.921 for S&P; 70% of initial levels
Pricing date:Feb. 22
Settlement date:Feb. 27
Agents:Wells Fargo Securities LLC and Morgan Stanley
Fees:2.575%
Cusip:61771WF52

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