New Issue: Morgan Stanley prices $900,000 enhanced buffered jump securities linked to S&P

By Kiku Steinfeld

Chicago, March 3 – Morgan Stanley Finance LLC priced $900,000 of 0% enhanced buffered jump securities due Nov. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or ends above the 80% downside threshold, the payout at maturity will be par plus 28.35%.

Investors will lose 1% for every 1% that the 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 index:	S&P 500 index
Amount:	$900,000
Maturity:	Nov. 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above downside threshold level, par plus 28.35%; 1% loss for every 1% that index declines beyond the buffer
Initial level:	3,949.94
Downside threshold:	3,159.952, 80% of initial level
Buffer:	20%
Pricing date:	Nov. 21, 2022
Settlement date:	Nov. 25, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774H2N7

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