New Issue: Morgan Stanley prices $250,000 enhanced trigger jump notes on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, March 23 – Morgan Stanley Finance LLC priced $250,000 of 0% enhanced trigger jump securities due Dec. 3, 2027 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above the downside threshold, the payout at maturity will be par plus the greater of the worst performing index return and 48%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:	$250,000
Maturity:	Dec. 3, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 48%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
Initial levels:	34,589.77 for Dow, 12,030.06 for Nasdaq, 1,886.577 for Russell
Upside payment:	48%
Downside thresholds:	22,483.351 for Dow, 7,819.539 for Nasdaq, 1,226.275 for Russell, 65% of initial level
Pricing date:	Nov. 30, 2022
Settlement date:	Dec. 5, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61774HZF8

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