New Issue: Morgan Stanley prices $711,000 market-linked notes linked to Dow Jones

By Kiku Steinfeld

Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $711,000 of 0% market-linked notes due Sept. 28, 2028 linked to the Dow Jones industrial average, 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 125% of the index return subject to a maximum return of par plus 53%. Otherwise investors will receive par.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$711,000
Maturity:	Sept. 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 125% of index return subject to a maximum return of par plus 53%; minimum payout of par
Initial level:	32,237.53
Upside leverage:	125%
Cap:	53%
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61774T5G3

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