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Published on 9/21/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $650,000 buffered jump securities linked to EAFE, Stoxx

Chicago, Sept. 21 – Morgan Stanley Finance LLC priced $650,000 of 0% buffered jump securities due Sept. 17, 2027 linked to the worst performing of the iShares MSCI EAFE ETF and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset finishes above its initial level, the payout at maturity will be par plus 73%. Investors will receive par if the worst performing asset finishes below its initial level but declines by 25% or less and will lose 1.3333% for every 1% that the worst performing asset declines beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered jump securities
Underlying assets:iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:$650,000
Maturity:Sept. 17, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing asset is positive, par plus 73%; par if worst performing asset declines by 25% or less; 1.3333% loss for every 1% that worst performing asset declines beyond 25%
Initial levels:$61.31 for ETF, 3,567.56 for Stoxx
Buffer levels:75% of initial levels
Upside payment:73%
Buffer:25%
Pricing date:Sept. 14, 2022
Settlement date:Sept. 19, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.1%
Cusip:61774HCA4

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