FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)-- 

As Agent Bank, please be advised of the following rate determined on: 7/3/2025
Issue	¦ Morgan Stanley Series J EUR 1,500,000,000 FRN due April 2028
ISIN Number	¦ XS3057365895
ISIN Reference	¦ 305736589
Issue Nomin EUR	¦ 1500000000
Period	¦ 7/7/2025 to 10/6/2025			Payment Date  10/6/2025
Number of Days	¦ 91
Rate	¦ 2.937
Denomination EUR	¦ 1000		¦ 1500000000		¦
Amount Payable per Denomination	¦ 7.42		¦ 11136125		¦
Bank of New York
Rate Fix Desk	Telephone			¦ 44 1202 689580
Corporate Trust Services		Facsimile		¦ 44 1202 689601