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Published on 7/22/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $822,000 Trigger PLUS linked to Nasdaq-100, Russell 2000

New York, July 22 – Morgan Stanley Finance LLC priced $822,000 of 0% Trigger PLUS due July 3, 2025 linked to the Nasdaq-100 index and Russell 2000 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 200% of the return of that index, subject to a maximum return of par plus 61.5%.

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:Nasdaq-100 index and Russell 2000 index
Amount:$822,000
Maturity:July 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing index is positive, par plus 200% of the gain of that index, subject to a maximum return of par plus 61.5%; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performer from initial level
Initial levels:11,503.72 for Nasdaq-100, 1,707.990 for Russell 2000
Trigger level:8,052.604 for Nasdaq-100, 1,195.593 for Russell 2000, 70% of initial level
Upside leverage:200%
Cap:61.5%
Pricing date:June 30
Settlement date:July 6
Agent:Morgan Stanley & Co. LLC
Fees:0.5%
Cusip:61774DJM0

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