New Issue: Morgan Stanley prices $2.72 million Trigger PLUS linked to Dow, Nasdaq

New York, May 10 – Morgan Stanley Finance LLC priced $2.72 million of 0% Trigger PLUS due May 3, 2027 linked to the Dow Jones industrial average and the Nasdaq-100 index, 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 150% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 60% 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 index:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$2,719,000
Maturity:	May 3, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 150% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial level:	33,916.39 for Dow Jones industrial average, 13,456.06 for Nasdaq-100
Trigger level:	20,349.834 for Dow Jones industrial average, 8,073.636 for Nasdaq-100, 60% of initial level
Upside leverage:	150%
Cap:	None
Pricing date:	April 28
Settlement date:	May 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773QW70

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