New Issue: Morgan Stanley sells $500,000 contingent income autocalls on three tech stocks

Chicago, March 30 – Morgan Stanley Finance LLC priced $500,000 of contingent income autocallable securities due March 21, 2023 linked to the worst performing of the common stocks of Amazon.com, Inc., Apple Inc. and the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes will pay a contingent coupon at an annual rate of 10% if each stock closes at or above its coupon barrier, 60% of its initial level, on the determination date for that period.

The notes will be called at par plus the contingent coupon if each stock closes above its initial level on any quarterly redemption date after six months.

The payout at maturity will be par unless any stock finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing stock.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent income autocallable securities
Underlying stocks:	Amazon.com, Inc., Apple Inc. and Alphabet Inc.
Amount:	$500,000
Maturity:	March 21, 2023
Coupon:	10% per year, payable each quarter that each stock closes at or above coupon barrier on determination date for that period
Price:	Par
Payout at maturity:	If final share price of least performing stock is greater than or equal to downside threshold level, par; otherwise, full exposure to decline of worst performer
Call:	Par plus the contingent coupon if each stock closes above its initial level on any quarterly redemption date after six months
Initial share prices:	$1,689.15 for Amazon, $242.21 for Apple, $1,073 for Alphabet
Coupon barriers:	$1,013.49 for Amazon, $145.326 for Apple, $643.80 for Alphabet; 60% of initial share prices
Downside thresholds:	$1,013.49 for Amazon, $145.326 for Apple, $643.80 for Alphabet; 60% of initial share prices
Pricing date:	March 16
Settlement date:	March 19
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	61770FTE6

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