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Published on 4/26/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $605,000 trigger jump securities on EM index, Stoxx

Chicago, April 26 – Morgan Stanley Finance LLC priced $605,000 of 0% trigger jump securities due May 28, 2027 linked to the worst performing of the MSCI Emerging Markets index and Euro Stoxx 50 index, 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 67%. Investors will receive par if the worst performing index declines but finishes at or above the 60% 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:MSCI Emerging Markets index and Euro Stoxx 50 index
Amount:$605,000
Maturity:May 28, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus greater of return of worst performer and 67%; 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:1,019.59 for EM, 3,677.10 for Stoxx
Trigger levels:611.754 for EM, 2,206.26 for Stoxx, 60% of initial levels
Upside payment:67%
Pricing date:May 25, 2022
Settlement date:May 31, 2022
Agent:Morgan Stanley & Co. LLC
Fees:4%
Cusip:61773Q3C1

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