New Issue: Morgan Stanley prices $250,000 accelerated return securities linked to Russell

By Kiku Steinfeld

Chicago, March 13 – Morgan Stanley Finance LLC priced $250,000 of 0% accelerated return securities due Dec. 2, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 122.5% of the index return.

Investors will receive par if the index declines but ends at or above its 70% trigger level and they will lose 1% for every 1% that the index declines if it finishes below the trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	Russell 2000 index
Amount:	$250,000
Maturity:	Dec. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of index is positive, par plus 122.5% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:	1,830.964
Upside leverage:	122.5%
Cap:	None
Trigger level:	1,281.675, 70% of initial level
Pricing date:	Nov. 28, 2022
Settlement date:	Dec. 1, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774HP28

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