New Issue: Morgan Stanley prices $781,000 enhanced buffered jump notes on indexes

By Kiku Steinfeld

Chicago, Feb. 6 – Morgan Stanley Finance LLC priced $781,000 of 0% enhanced buffered jump securities due Nov. 9, 2027 linked to the S&P 500 index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above the 80% downside threshold, the payout at maturity will be par plus the greater of the worst performing index return and 56%.

Investors will lose 1.25% for every 1% that the worst performing index declines beyond the 20% buffer amount.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying indexes:	S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:	$781,000
Maturity:	Nov. 9, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 56%; 1.25% loss for every 1% that worst performing index declines beyond the buffer amount
Initial levels:	10,857.03 for Nasdaq, 1,799.866 for Russell, 3,770.55 for S&P
Upside payment:	56%
Downside thresholds:	8,685.624 for Nasdaq, 1,439.893 for Russell, 3,016.44 for S&P, 80% of initial level
Buffer:	20%
Pricing date:	Nov. 4, 2022
Settlement date:	Nov. 9, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774HE95

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