New Issue: Morgan Stanley prices $279,500 PLUS linked to EM ETF

Chicago, Aug. 23 – Morgan Stanley Finance LLC priced $279,500 of 0% PLUS due Dec. 5, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 300% of the ETF return, capped at par plus 23%. Investors will lose 1% for every 1% decline if it ends below the initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	PLUS
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$279,500
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If fund return is positive, par plus 300% of fund return, capped at par plus 23%; 1% loss for every 1% that fund declines if it finishes below initial level
Initial level:	$41.05
Upside leverage:	300%
Cap:	23%
Pricing date:	Aug. 12, 2022
Settlement date:	Aug. 17, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	48133H663

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