New Issue: Morgan Stanley prices $637,000 buffered jump securities linked to S&P

Chicago, Oct. 3 – Morgan Stanley Finance LLC priced $637,000 of 0% buffered jump securities due Sept. 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 25%. Investors will receive par if the index finishes below its initial level but declines by 15% or less and will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500 index
Amount:	$637,000
Maturity:	Sept. 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 25%; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial level:	3,647.29
Buffer level:	3,100.197, 85% of initial level
Upside payment:	25%
Buffer:	15%
Pricing date:	Sept. 27, 2022
Settlement date:	Sept. 30, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	4%
Cusip:	61774HAT5

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