New Issue: Morgan Stanley prices $416,000 enhanced trigger jump notes on indexes

By Kiku Steinfeld

Chicago, May 26 – Morgan Stanley Finance LLC priced $416,000 of 0% enhanced trigger jump securities due Jan. 24, 2025 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above the 70% downside threshold, the payout at maturity will be par plus 18.15%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$416,000
Maturity:	Jan. 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus 18.15%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
Initial levels:	33,044.56 for Dow, 1,836.345 for Russell, 3,898.85 for S&P
Upside payment:	18.15%
Downside thresholds:	23,131.192 for Dow, 1,285.442 for Russell, 2,729.195 for S&P, 70% of initial levels
Pricing date:	Jan. 19, 2023
Settlement date:	Jan. 24, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	2.4%
Cusip:	61774TQY1

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