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Published on 5/16/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $805,000 buffered PLUS linked to Stoxx, EAFE ETF

Chicago, May 16 – Morgan Stanley Finance LLC priced $805,000 of 0% buffered PLUS due June 23, 2027 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, 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 224% of the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered PLUS
Underlying index:Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:$805,000
Maturity:June 23, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing asset is positive, par plus 224% of that asset's return; par if worst performing asset declines by 15% or less; 1% loss for every 1% that worst performing asset declines beyond 15%
Initial level:$61.48 for iShares EAFE ETF, 3,438.46 for Stoxx
Buffer level:$52.258 for iShares EAFE ETF, 2,922.691 for Stoxx, 85% of initial levels
Upside leverage:224%
Cap:None
Pricing date:June 17, 2022
Settlement date:June 23, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.75%
Cusip:61774DRT6

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