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Published on 1/4/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1 million market-linked notes linked to Dow, Nasdaq

New York, Jan. 4 – Morgan Stanley Finance LLC priced $1 million of 0% market-linked notes due Dec. 26, 2025 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 200% of the return of that index, subject to a maximum return of par plus 37%.

Otherwise, investors will receive par.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Market-linked notes
Underlying indexes:Dow Jones industrial average and Nasdaq-100 index
Amount:$1,001,000
Maturity:Dec. 26, 2025
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 200% of that index's return, subject to a maximum return of par plus 37%; minimum payout of par
Initial levels:32,849.74 for Dow Jones industrial average, 11,072.42 for Nasdaq-100
Upside leverage:200%
Cap:37%
Strike date:Dec. 20
Pricing date:Dec. 21
Settlement date:Dec. 27
Agent:Morgan Stanley & Co. LLC
Fees:0.2%
Cusip:61774THA3

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