New Issue: Morgan Stanley prices $407,000 enhanced trigger jump securities on indexes

Chicago, Feb. 13 – Morgan Stanley Finance LLC priced $407,000 of 0% enhanced trigger jump securities due May 29, 2026 linked to the worst performing of the Nasdaq-100 index, S&P 500 index and Dow Jones industrial average, 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 the greater of the worst performing index return and 21%. 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:	Nasdaq-100 index, S&P 500 index and Dow Jones industrial average
Amount:	$407,000
Maturity:	May 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 21%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
Initial levels:	32,764.65 for Dow, 13,938.53 for Nasdaq, 4,151.28 for S&P
Downside thresholds:	22,935.255 for Dow, 9,756.971 for Nasdaq, 2,905.896 for S&P, 70% of initial levels
Upside payment:	21%
Pricing date:	May 25, 2023
Settlement date:	May 31, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774XE25

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