New Issue: Morgan Stanley prices $861,000 PLUS linked to Russell 2000

By Kiku Steinfeld

Chicago, Jan. 18 – Morgan Stanley Finance LLC priced $861,000 of 0% PLUS due July 3, 2024 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 300% of the index return subject to a maximum return of par plus 18.75%. Investors will lose 1% for every 1% that it declines.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	PLUS
Underlying index:	Russell 2000 index
Amount:	$861,000
Maturity:	July 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return subject to a maximum return of par plus 18.75%; 1% loss for every 1% that index declines
Initial level:	1,768.987
Upside leverage:	300%
Cap:	18.75%
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774XUT8

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