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Published on 9/1/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $5.98 million trigger PLUS linked to S&P, Dow

Chicago, Sept. 1 – Morgan Stanley Finance LLC priced $5.98 million of 0% trigger PLUS due Aug. 30, 2027 linked to the worst performing of the S&P 500 index and Dow Jones industrial average, 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 142% 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 70% 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 indexes:S&P 500 index and Dow Jones industrial average
Amount:$5,984,000
Maturity:Aug. 30, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 142% 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 levels:33,291.78 for Dow, 4,199.12 for S&P
Trigger levels:23,304.246 for Dow, 2,939.384 for S&P, 70% of initial levels
Upside leverage:142%
Cap:None
Pricing date:Aug. 25
Settlement date:Aug. 30
Agent:Morgan Stanley & Co. LLC
Fees:3.5%
Cusip:61774D2D8

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