New Issue: Morgan Stanley prices $250,000 Buffered PLUS on Stoxx, EAFE ETF

By Kiku Steinfeld

Chicago, June 14 – Morgan Stanley Finance LLC priced $250,000 of 0% Buffered PLUS due Jan. 29, 2027 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, 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 173% of the index return. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines 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:	Buffered PLUS
Underlying index:	Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:	$250,000
Maturity:	Jan. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing asset is positive, par plus 173% of that asset's return; par if worst performing asset declines by 10% or less; 1% loss for every 1% that worst performing asset declines beyond 10%
Initial levels:	$71.74 for ETF, 4,173.98 for Euro Stoxx
Buffer levels:	$64.566 for ETF, 3,756.582 for Euro Stoxx, 90% of initial levels
Upside leverage:	173%
Cap:	None
Pricing date:	Jan. 26, 2023
Settlement date:	Jan. 31, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61774TMJ8

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