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Published on 4/26/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2 million dual directional buffered participation securities on S&P

New York, April 26 – Morgan Stanley Finance LLC priced $2 million of 0% dual directional buffered participation securities due June 25, 2024 linked to the S&P 500 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 the index return, subject to a maximum return of par plus 13.25%.

Investors will receive par plus 150% of the absolute return of the index if it declines by no more than 10% and will be exposed to any decline in the index beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Dual directional buffered participation securities
Underlying index:S&P 500 index
Amount:$2 million
Maturity:June 25, 2024
Coupon:0%
Price:Par
Payout at maturity:If return of index is positive, par plus index return, subject to a maximum return of par plus 13.25%; par plus 150% of absolute return of index if it declines by no more than 10%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:4,129.79
Cap:13.25%
Buffer:10%
Pricing date:April 20
Settlement date:April 25
Agent:Morgan Stanley & Co. LLC
Fees:0%
Cusip:61774XRD7

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