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Published on 1/30/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $8.24 million Trigger PLUS linked to S&P, Dow

New York, Jan. 30 – Morgan Stanley Finance LLC priced $8.24 million of 0% Trigger PLUS due Jan. 28, 2028 linked to the S&P 500 index and the Dow Jones industrial average, 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 143% of the return of that index.

Investors will receive par if the return of the worst performing index is negative but ends at or above the 75% 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 indexes:S&P 500 index and Dow Jones industrial average
Amount:$8.24 million
Maturity:Jan. 28, 2028
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 143% of the gain of that index; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performing index from initial level
Initial levels:33,743.84 for Dow Jones industrial average, 4,016.22 for S&P 500
Trigger level:25,307.88 for Dow Jones industrial average, 3,012.165 for S&P 500, 75% of initial level
Upside leverage:143%
Pricing date:Jan. 25
Settlement date:Jan. 30
Agent:Morgan Stanley & Co. LLC
Fees:3.25%
Cusip:61774TNH1

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