New Issue: Morgan Stanley prices $642,000 accelerated return securities linked to S&P

Chicago, Aug. 23 – Morgan Stanley Finance LLC priced $642,000 of 0% accelerated return securities due Aug. 17, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 124.5% of the index return.

Investors will receive par if the index declines but finishes above the 90% buffer level. Investors will lose 1% for every 1% that the index declines beyond the 10% buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	S&P 500 index
Amount:	$642,000
Maturity:	Aug. 17, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of index is positive, par plus 124.5% of index return; par if index declines but not more than buffer; 1% loss for every 1% that index declines beyond buffer
Initial level:	4,280.15
Buffer level:	3,852.135, 90% of initial level
Upside leverage:	124.5%
Cap:	None
Pricing date:	Aug. 12, 2022
Settlement date:	Aug. 17, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774DT56

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