New Issue: Morgan Stanley prices $394,000 enhanced trigger jump securities on two indexes

By Kiku Steinfeld

Chicago, Oct. 26 – Morgan Stanley Finance LLC priced $394,000 of 0% enhanced trigger jump securities due April 3, 2028 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above the downside threshold the payout at maturity will be par plus the greater of the worst performing index return and 40%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$394,000
Maturity:	April 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 40%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
Initial levels:	1,771.599 for Russell, 4,027.81 for S&P 500
Upside payment:	40%
Downside thresholds:	1,240.119 for Russell, 2,819.467 for S&P 500, 70% of initial level
Pricing date:	March 29, 2023
Settlement date:	April 3, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774XFC2

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