New Issue: Morgan Stanley prices $369,000 Buffered PLUS linked to Euro Stoxx 50, EAFE ETF

By Kiku Steinfeld

Chicago, Oct. 23 – Morgan Stanley Finance LLC priced $369,000 of 0% Buffered PLUS due April 2, 2027 linked to 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 172% of the index return. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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:	$369,000
Maturity:	April 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing asset is positive, par plus 172% of that asset's return; par if worst performing asset declines by 10% or less; 1% loss for every 1% that worst performing asset declines beyond 10%
Initial levels:	$69.50 for iShares MSCI EAFE ETF, 4,168.21 for Euro Stoxx 50
Buffer levels:	$62.55 for iShares MSCI EAFE ETF, 3,751.389 for Euro Stoxx 50 index, 90% of initial level
Upside leverage:	172%
Cap:	None
Pricing date:	March 28, 2023
Settlement date:	March 31, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61774T5P3

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