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Published on 5/11/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $760,000 equity-linked partial principal at risk securities on S&P

Chicago, May 11 – Morgan Stanley Finance LLC priced $760,000 of 0% equity-linked partial principal at risk securities due June 17, 2027 linked to the S&P 500 index according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 120%.

If the index finishes flat or falls, investors will be exposed to the decline of the index, subject to a minimum return of $900 per $1,000 of notes.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Equity-linked partial principal at risk securities
Underlying index:S&P 500 index
Amount:$760,000
Maturity:June 17, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, subject to a maximum return of par plus 120%; otherwise, full exposure to decline of index, subject to minimum payout of 90% of par if index finishes flat or falls
Initial values:3,735.48
Pricing date:June 14, 2022
Settlement date:June 17, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.625%
Cusip:61774DPZ4

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