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Published on 4/29/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $250,000 Buffered PLUS linked to Russell 2000, S&P 500

New York, April 29 – Morgan Stanley Finance LLC priced $250,000 of 0% Buffered Performance Leveraged Upside Securities due Oct. 5, 2023 linked to the Russell 2000 index and the S&P 500 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 125% of the return of that index subject to a maximum return of par plus 23.5%. Investors will receive par if the worst performing index declines by 10% or less and will lose 1% for every 1% that the worst performing index 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 Performance Leveraged Upside Securities
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$250,000
Maturity:Oct. 5, 2023
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 125% of that index's return subject to a maximum return of par plus 23.5%; par if worst performing index declines by 10% or less; 1% loss for every 1% that worst performing index declines beyond 10%
Initial levels:2,204.372 for Russell 2000 index, 4,307.54 for S&P 500 index
Buffer level:1,983.935 for Russell 2000 index, 3,876.786 for S&P 500 index, 90% of initial level
Upside leverage:125%
Cap:23.5%
Pricing date:Sept. 30, 2021
Settlement date:Oct. 5, 2021
Agent:Morgan Stanley & Co. LLC
Fees:0.5%
Cusip:61773FTT0

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