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Published on 12/2/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.37 million trigger jump securities on S&P, Russell, Dow

Chicago, Dec. 2 – Morgan Stanley Finance LLC priced $1.37 million of 0% trigger jump securities due March 18, 2027 linked to the worst performing of the S&P 500 index, Russell 2000 index and Dow Jones industrial average, 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 the greater of that index's return and 62%. Investors will receive par if the worst performing index declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Trigger jump securities
Underlying indexes:S&P 500 index, Russell 2000 index and Dow Jones industrial average
Amount:$1,371,000
Maturity:March 18, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus greater of return of worst performer and 62%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
Initial levels:33,544.34 for Dow, 1,968.969 for Russell, 4,262.45 for S&P
Trigger levels:23,481.038 for Dow, 1,378.278 for Russell, 2,983.715 for S&P, 70% of initial levels
Upside payment:62%
Pricing date:March 17
Settlement date:March 22
Agent:Morgan Stanley & Co. LLC
Fees:0.25%
Cusip:61773QSB6

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