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Published on 2/28/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.1 million market plus notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Feb. 28 – Morgan Stanley Finance LLC priced $1.1 million of 0% market plus notes due Feb. 26, 2026 linked to the Euro Stoxx 50 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 200% of the index gain, subject to a maximum return of par plus 90.7%.

Investors will receive par if the index declines up to 10% and will be fully exposed to loss of the index if it finishes below the 90% knock-out level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Market plus notes
Underlying index:Euro Stoxx 50 index
Amount:$1,095,000
Maturity:Feb. 26, 2026
Coupon:0%
Price:Par
Payout at maturity:If index finishes gains, par plus 200% of the index gain, capped at par plus 90.7%; if the index finishes flat or declines by no more than 10%, par; otherwise, full exposure to index decline from initial level.
Initial level:4,258.16
Knock-out level:3,832.344; 90% of initial level
Pricing date:Feb. 23
Settlement date:Feb. 28
Agent:Morgan Stanley & Co. LLC
Placement agents:J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:2%
Cusip:61774TT51

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