New Issue: Morgan Stanley prices $334,000 Trigger PLUS linked to Stoxx, iShares

By Kiku Steinfeld

Chicago, Feb. 22 – Morgan Stanley Finance LLC priced $334,000 of 0% Trigger PLUS due Nov. 19, 2027 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 238.63% of any gain of the worst performing asset. Investors will receive par if the return of the worst performing asset is negative but ends at or above the 65% trigger and will lose 1% for every 1% decline if it ends 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 PLUS
Underlying assets:	Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:	$334,000
Maturity:	Nov. 19, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 238.63% of any gain of the worst performing asset; par if worst performing asset declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing asset finishes below trigger level
Initial levels:	$65.05 for iShares, 3,882.78 for Euro Stoxx
Trigger level:	$42.283 for iShares, 2,523.807 for Euro Stoxx, 65% of initial level
Upside leverage:	238.63%
Cap:	None
Pricing date:	Nov. 16, 2022
Settlement date:	Nov. 21, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.55%
Cusip:	61774HS82

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