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Published on 6/15/2022 in the Prospect News Structured Products Daily.

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

Chicago, June 15 – Morgan Stanley Finance LLC priced $500,000 of 0% dual directional trigger performance leveraged upside securities due Dec. 3, 2026 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 107% of the index return. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the 75% principal barrier and they will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Dual directional trigger performance leveraged upside securities
Underlying index:S&P 500 index
Amount:$500,000
Maturity:Dec. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 107% of index return; 1% gain for each 1% loss if index declines but ends above principal barrier; full exposure to loss if index ends below principal barrier
Initial level:4,567.00
Principal barrier:3,425.25, 75% of initial level
Upside leverage:107%
Cap:None
Pricing date:Dec. 3, 2021
Settlement date:Dec. 8, 2021
Agent:Morgan Stanley & Co. LLC
Fees:0.25%
Cusip:61773HQC6

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