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Published on 5/8/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $7.85 million commodity-linked notes on Bloomberg index

Chicago, May 8 – Morgan Stanley Finance LLC priced $7.85 million of 0% notes due May 3, 2028 linked to the Bloomberg Commodity 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 1.2346 times the return of the index, capped at par plus 100%.

The payout at maturity will not be less than par.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Index-linked notes
Underlying index:Bloomberg Commodity index
Amount:$7,851,000
Maturity:May 3, 2028
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.2346 times return of index, capped at par plus 100%; otherwise, par
Initial level:104.3114
Pricing date:April 28
Settlement date:May 3
Agent:Morgan Stanley & Co. LLC
Fees:3%
Cusip:61774FBU5

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