Trigger PLUS notes with 214.50% upside (MS) due May 5, 2031

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk securities linked to the S&P 500® Futures Excess Return Index, maturing on May 5, 2031. These securities offer a leveraged upside of 214.50% if the final level is above the initial level, with principal protection down to a 70% downside threshold. Investors face the risk of losing their entire investment if the final level falls below this threshold, and payments are subject to Morgan Stanley’s credit risk.

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