New Issue: Morgan Stanley prices $250,000 trigger PLUS linked to S&P 500

Chicago, Dec. 1 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger PLUS due Oct. 30, 2028 linked to the S&P 500 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 150% of the index return. Investors will receive par if the index return is negative but ends at or above the 90% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger PLUS
Underlying index:	S&P 500 index
Amount:	$250,000
Maturity:	Oct. 30, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
Initial level:	3,859.11
Trigger level:	3473.199, 90% of initial level
Upside leverage:	150%
Cap:	None
Pricing date:	Oct. 25, 2022
Settlement date:	Oct. 28, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774HWH7

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