New Issue: Morgan Stanley prices $723,000 trigger jump securities on indexes

By Kiku Steinfeld

Chicago, Jan. 24 – Morgan Stanley Finance LLC priced $723,000 of 0% trigger jump securities due June 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 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 68%. 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:	Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:	$723,000
Maturity:	June 8, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus greater of return of worst performer and 68%; 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:	33,562.86 for Dow, 14,556.50 for Nasdaq, 1,806.713 for Russell
Upside payment:	68%
Triggers:	23,494.002 for Dow, 10,189.55 for Nasdaq, 1,264.699 for Russell, 70% of initial level
Pricing date:	June 5, 2023
Settlement date:	June 8, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0.625%
Cusip:	61771WAC2

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