Morgan Stanley Finance LLC is offering Trigger Performance Leveraged Upside Securities (PLUS) due December 30, 2027, linked to the worst-performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index, and S&P 500 Index. The securities offer leveraged upside potential of at least 161% if all indices appreciate, with no upside cap.If any index declines but remains above its 70% trigger level, investors receive the $1,000 principal. However, if any index falls below its trigger level, investors face 1:1 downside exposure to the worst-performing index, potentially losing a significant portion or all of their investment.The Trigger PLUS carry Morgan Stanley's credit risk and pay no interest. They are designed for investors seeking leveraged index-based returns who are willing to risk principal and forgo current income. The estimated value on the pricing date is approximately $965.80 per security.

Morgan Stanley Finance LLC is offering Trigger Performance Leveraged Upside Securities (PLUS) due December 30, 2027, linked to the worst-performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index, and S&P 500 Index. The securities offer leveraged upside potential of at least 161% if all indices appreciate, with no upside cap.If any index declines but remains above its 70% trigger level, investors receive the $1,000 principal. However, if any index falls below its trigger level, investors face 1:1 downside exposure to the worst-performing index, potentially losing a significant portion or all of their investment.The Trigger PLUS carry Morgan Stanley's credit risk and pay no interest. They are designed for investors seeking leveraged index-based returns who are willing to risk principal and forgo current income. The estimated value on the pricing date is approximately $965.80 per security.