New Issue: Morgan Stanley prices $764,000 trigger jump notes on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, Sept. 15 – Morgan Stanley Finance LLC priced $764,000 of 0% trigger jump securities due March 8, 2028 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If return of the worst performing index is positive, the payout at maturity will be par plus 73%. Investors will receive par if the worst performing index declines but finishes at or above the 80% 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 assets:	Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:	$764,000
Maturity:	March 8, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains par plus 73%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
Initial levels:	33,390.97 for Dow, 12,290.81 for Nasdaq, 1,928.263 for Russell
Upside payment:	73%
Triggers:	26,712.776 for Dow, 9,832.648 for Nasdaq, 1,542.610 for Russell, 80% of initial level
Pricing date:	March 3, 2023
Settlement date:	March 8, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0.625%
Cusip:	61774T3W0

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