New Issue: Morgan Stanley prices $650,000 Buffered PLUS linked to Stoxx Europe 600

By Kiku Steinfeld

Chicago, June 1 – Morgan Stanley Finance LLC priced $650,000 of 0% Buffered PLUS due Jan. 27, 2028 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 170% of the index return. Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying index:	Stoxx Europe 600 index
Amount:	$650,000
Maturity:	Jan. 27, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 170% of index return; par if index declines by 30% or less; 1% loss for every 1% that index declines beyond 30%
Initial level:	454.49
Buffer:	30%
Buffer level:	318.143, 70% of initial level
Upside leverage:	170%
Cap:	None
Pricing date:	Jan. 23, 2023
Settlement date:	Jan. 26, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774TRZ7

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