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Published on 1/24/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $500,000 buffered PLUS linked to Stoxx, ETF

Chicago, Jan. 24 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered PLUS due April 25, 2025 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of both assets are positive, the payout at maturity will be par plus 212% of the return of the worst performer. Investors will receive par if either assets declines by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered PLUS
Underlying assets:Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:$500,000
Maturity:April 25, 2025
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing asset is positive, par plus 212% of that asset's return; par if worst performing asset declines by 10% or less; 1% loss for every 1% that worst performing asset declines beyond 10%
Initial levels:$71.64 for ETF, 3,928.03 for Stoxx
Buffer level:$64.476 for ETF, 3,535.227 for Stoxx, 90% of initial levels
Upside leverage:212%
Cap:None
Pricing date:April 22, 2022
Settlement date:April 27, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.6%
Cusip:61773QX20

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