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Published on 11/7/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $300,000 buffered PLUS linked to Stoxx, EAFE ETF

Chicago, Nov. 7 – Morgan Stanley Finance LLC priced $300,000 of 0% buffered PLUS due Oct. 22, 2027 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 asset return is positive, the payout at maturity will be par plus 217% of the asset return. Investors will receive par if the asset declines by 25% or less and will lose 1.3333% for every 1% that it declines beyond 25%.

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:$300,000
Maturity:Oct. 22, 2027
Coupon:0%
Price:Par
Payout at maturity:If return of worst performing asset is positive, par plus 217% of that asset's return; par if worst performing asset declines by 25% or less; 1.3333% loss for every 1% that worst performing asset declines beyond 25%
Initial level:$57.09 for ETF, 3,471.24 for Stoxx
Buffer level:42.818 for ETF, 2,603.43 for Stoxx, 75% of initial levels
Upside leverage:217%
Cap:None
Pricing date:Oct. 19, 2022
Settlement date:Oct. 24, 2022
Agent:Morgan Stanley & Co. LLC
Fees:0.1%
Cusip:61774HRD2

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