New Issue: Morgan Stanley prices $887,000 Trigger PLUS linked to S&P 500, Dow Jones industrial

New York, May 15 – Morgan Stanley Finance LLC priced $887,000 of 0% Trigger PLUS due June 4, 2027 linked to the S&P 500 index and Dow Jones industrial average, 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 128% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 50% trigger and will lose 1% for every 1% decline if it ends 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 PLUS
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$887,000
Maturity:	June 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 128% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial levels:	32,990.12 for Dow Jones industrial average, 4,132.15 for S&P 500
Trigger level:	16,495.06 for Dow Jones industrial average, 2,066.075 for S&P 500, 50% of initial level
Upside leverage:	128%
Cap:	None
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.625%
Cusip:	61773Q3J6

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