New Issue: Morgan Stanley prices $500,000 buffered PLUS linked to index basket

Chicago, Nov. 7 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Oct. 21, 2027 linked to an unequally weighted basket consisting of the S&P 500 index (55% weight), the Russell 2000 index (30% weight) and the S&P MidCap 400 index (15% weight), according to a 424B2 filing with the Securities and Exchange Commission.

If the return of basket is greater than its initial value, the payout will be par plus 125% of the basket return.

If the basket falls by up to 20%, the payout will be par.

If the basket falls by more than 20%, investors will lose 1% for every 1% decline of the basket beyond 20%.

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 basket:	S&P 500 index (55% weight), Russell 2000 index (30% weight), S&P MidCap 400 index (15% weight)
Amount:	$500,000
Maturity:	Oct. 21, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of basket is greater than initial value, par plus 125% of basket return; if the basket falls by up to 20%, par; if the basket falls by more than 20%, 1% loss for every 1% decline of the basket beyond 20%
Initial level:	3,719.98 for S&P, 1,755.956 for Russell, 2,341.07 for MidCap
Buffer level:	80% of initial level
Pricing date:	Oct. 19, 2022
Settlement date:	Oct. 24, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774HTE8

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