New Issue: Morgan Stanley prices $315,000 Buffered PLUS linked to Dow Jones

By Kiku Steinfeld

Chicago, Jan. 18 – Morgan Stanley Finance LLC priced $315,000 of 0% Buffered PLUS due May 3, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 107% of the index return. Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying index:	Dow Jones industrial average
Amount:	$315,000
Maturity:	May 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 107% of index return; par if index declines by 30% or less; 1% loss for every 1% that index declines beyond 30%
Initial level:	34,098.16
Buffer:	30%
Buffer level:	23,868.712, 70% of initial level
Upside leverage:	107%
Cap:	None
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61774XJK0

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