New Issue: Morgan Stanley prices $1.1 million market-linked notes on Dow

By Kiku Steinfeld

Chicago, Feb. 28 – Morgan Stanley Finance LLC priced $1.1 million of 0% market-linked notes due May 23, 2028 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 100% of the index return, subject to a maximum return of par plus 100%. 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 index:	Dow Jones industrial average
Amount:	$1,095,000
Maturity:	May 23, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 100% of index return, subject to a maximum return of par plus 100%; minimum payout of par
Initial level:	33,745.69
Upside leverage:	100%
Cap:	100%
Pricing date:	Nov. 18, 2022
Settlement date:	Nov. 23, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61774HB31

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