New Issue: Morgan Stanley prices $360,000 trigger jump securities linked to Dow, S&P

By Kiku Steinfeld

Chicago, March 4 – Morgan Stanley Finance LLC priced $360,000 of 0% trigger jump securities due June 28, 2028 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus the greater of that index's return and 58%. Investors will receive par if the worst performing index declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes 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 jump securities
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$360,000
Maturity:	June 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus greater of return of worst performer and 58%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
Initial levels:	33,727.43 for Dow Jones industrial average, 4,348.33 for S&P 500
Upside payment:	58%
Trigger:	26,981.944 for Dow Jones industrial average, 3,478.664 for S&P 500, 80% of initial level
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774X5H2

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