New Issue: Morgan Stanley prices $1.89 million Trigger PLUS linked to S&P 500, Dow Jones industrial

New York, May 2 – Morgan Stanley Finance LLC priced $1.89 million of 0% Trigger PLUS due April 27, 2026 linked to the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 134% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends 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:	Trigger PLUS
Underlying index:	S&P 500 index and Dow Jones industrial average
Amount:	$1,894,000
Maturity:	April 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 134% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial level:	33,811.40 for Dow Jones industrial average, 4,271.78 for S&P 500 index
Trigger level:	23,667.98 for Dow Jones industrial average, 2,990.246 for S&P 500 index, 70% of initial level
Upside leverage:	134%
Cap:	None
Pricing date:	April 22
Settlement date:	April 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773QS42

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