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Published on 8/16/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.06 million Trigger PLUS linked to Dow, Russell, Nasdaq

New York, Aug. 16 – Morgan Stanley Finance LLC priced $1.06 million of 0% Trigger PLUS due Aug. 3, 2028 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, 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 172% of the return of that 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 indexes:Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:$1,061,000
Maturity:Aug. 3, 2028
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 172% of the gain of that index; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of the worst performing index from its initial level
Initial levels:35,559.53 for Dow Jones industrial average, 15,757.00 for Nasdaq-100, 2,003.177 for Russell 2000
Trigger levels:24,891.671 for Dow Jones industrial average, 11,029.90 for Nasdaq-100, 1,402.224 for Russell 2000, 70% of initial levels
Upside leverage:172%
Pricing date:July 31
Settlement date:Aug. 3
Agent:Morgan Stanley & Co. LLC
Fees:0.75%
Cusip:61775HFZ5

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