New Issue: Morgan Stanley prices $500,000 Trigger PLUS linked to Occidental Petroleum

By Kiku Steinfeld

Chicago, Sept. 21 – Morgan Stanley Finance LLC priced $500,000 of 0% Trigger PLUS due March 12, 2026 linked to Occidental Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 108% of the stock return.

Investors will receive par if the stock return is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends 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 PLUS
Underlying stock:	Occidental Petroleum Corp.
Amount:	$500,000
Maturity:	March 12, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 108% of stock return; par if stock declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that stock declines from initial level
Initial level:	$60.85
Trigger level:	$42.595, 70% of initial level
Upside leverage:	108%
Pricing date:	March 8, 2023
Settlement date:	March 13, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774T7M8

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