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Published on 3/3/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $400,000 buffered PLUS linked to Russell

Chicago, March 3 – Morgan Stanley Finance LLC priced $400,000 of 0% buffered PLUS due May 14, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 109.75% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered PLUS
Underlying index:Russell 2000 index
Amount:$400,000
Maturity:May 14, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 109.75% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial level:1,718.144
Buffer level:1,374.515, 80% of initial level
Buffer:20%
Upside leverage:109.75%
Cap:None
Pricing date:May 12, 2022
Settlement date:May 17, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.55%
Cusip:61774DCX3

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