New Issue: Morgan Stanley prices $371,000 Trigger PLUS on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, March 23 – Morgan Stanley Finance LLC priced $371,000 of 0% Trigger PLUS due Dec. 3, 2027 linked to the Dow Jones industrial average, Russell 2000 index and 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 165% 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 50% 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:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$371,000
Maturity:	Dec. 3, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 165% 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:	34,589.77 for Dow, 12,030.06 for Nasdaq, 1,886.577 for Russell
Trigger level:	17,294.885 for Dow, 6,015.03 for Nasdaq, 943.289 for Russell, 50% of initial level
Upside leverage:	165%
Cap:	None
Pricing date:	Nov. 30, 2022
Settlement date:	Dec. 5, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61774HZC5

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