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Published on 5/22/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $15 million accelerated return securities linked to S&P 500

New York, May 22 – Morgan Stanley Finance LLC priced $15 million of 0% accelerated return securities due May 21, 2035 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 166% of the index return.

Investors will receive par if the index declines but ends at or above its 50% trigger level and they will lose 1% for every 1% that the 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:Accelerated return securities
Underlying index:S&P 500 index
Amount:$15 million
Maturity:May 21, 2035
Coupon:0%
Price:Par
Payout at maturity:If return of index is positive, par plus 166% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:4,109.90
Upside leverage:166%
Cap:None
Trigger level:2,054.95, 50% of initial level
Pricing date:May 17
Settlement date:May 22
Agent:Morgan Stanley & Co. LLC
Fees:1%
Cusip:61774X2Y8

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