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Published on 5/15/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $250,000 accelerated return securities linked to S&P 500

By Kiku Steinfeld

Chicago, May 15 – Morgan Stanley Finance LLC priced $250,000 of 0% accelerated return securities due Jan. 14, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 130% of the index return.

Investors will receive par if the index declines but ends at or above its 75% trigger level, and they will lose 1% for every 1% that the index declines if it finishes 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:Accelerated return securities
Underlying index:S&P 500 index
Amount:$250,000
Maturity:Jan. 14, 2028
Coupon:0%
Price:Par
Payout at maturity:If return of index is positive, par plus 130% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:3,969.61
Upside leverage:130%
Cap:None
Trigger level:2,977.208, 75% of initial level
Pricing date:Jan. 11, 2023
Settlement date:Jan. 17, 2023
Agent:Morgan Stanley & Co. LLC
Fees:2%
Cusip:61774TMG4

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