New Issue: Morgan Stanley prices $1.07 million contingent income buffered autocalls on indexes

New York, Nov. 8 – Morgan Stanley Finance LLC priced $1.07 million of contingent income buffered autocallable securities due March 27, 2025 linked to the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 9.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting March 23, 2023.

At maturity, the payout will be par unless the worst performing index declines by more than 10%, in which case investors will be exposed to the decline of the worst performing index beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent income buffered autocallable securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$1,065,000
Maturity:	March 27, 2025
Coupon:	9.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	Par if the worst performing index finishes at or above 90% of initial level; otherwise, investors will lose 1% for every 1% decline of worst performing index beyond 10%
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting March 23, 2023
Initial levels:	29,590.41 for Dow Jones industrial average, 11,311.24 for Nasdaq-100, 1,679.590 for Russell 2000
Buffer:	10%
Coupon barriers:	22,192.808 for Dow Jones industrial average, 8,483.43 for Nasdaq-100 index, 1,259.693 for Russell 2000 index, 75% of initial levels
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61774HFY9

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