New Issue: Morgan Stanley prices $1.37 million trigger jump notes on Dow, Russell

By Kiku Steinfeld

Chicago, Feb. 28 – Morgan Stanley Finance LLC priced $1.37 million of 0% trigger jump securities due Nov. 23, 2027 linked to the Dow Jones industrial average 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 the greater of that index's return and 70%. Investors will receive par if the worst performing index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes 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 jump securities
Underlying indexes:	Dow Jones industrial average and Russell 2000 index
Amount:	$1,374,000
Maturity:	Nov. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus greater of return of worst performer and 70%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
Initial levels:	33,745.69 for Dow, 1,849.732 for Russell
Upside payment:	70%
Trigger:	25,309.268 for Dow, 1,387.299 for Russell, 75% of initial level
Pricing date:	Nov. 18, 2022
Settlement date:	Nov. 23, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774HB64

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