New Issue: Morgan Stanley prices $293,000 buffered PLUS linked to EM ETF

Chicago, Dec. 11 – Morgan Stanley Finance LLC priced $293,000 of 0% buffered PLUS due Nov. 2, 2027 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the ETF is positive, the payout at maturity will be par plus 135% of the ETF return. Investors will receive par if the ETF declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$293,000
Maturity:	Nov. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 135% of ETF return; par if ETF declines by 20% or less; 1% loss for every 1% that ETF declines beyond 20%
Initial level:	$34.29
Buffer level:	$27.432, 80% of initial level
Buffer:	20%
Upside leverage:	135%
Cap:	None
Pricing date:	Oct. 28, 2022
Settlement date:	Nov. 2, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.625%
Cusip:	61774HUM8

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