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Published on 3/27/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $7 million dual directional trigger PLUS linked to Euro Stoxx 50

New York, March 27 – Morgan Stanley Finance LLC priced $7 million of 0% dual directional trigger PLUS due Feb. 4, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 56.7%.

Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Dual directional trigger PLUS
Underlying index:Euro Stoxx 50 index
Amount:$6,998,800
Maturity:Feb. 4, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 56.7%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to index decline from initial level
Initial level:4,163.45
Principal barrier:3,330.76, 80% of initial level
Upside leverage:200%
Cap:56.7%
Pricing date:Jan. 31
Settlement date:Feb. 3
Agent:Morgan Stanley & Co. LLC
Fees:3% including a structuring fee of 0.5%
Cusip:61774Q835

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