New Issue: Morgan Stanley prices $351,000 0% buffered autocallable jump securities linked to Nasdaq, Russell

New York, Dec. 4 – Morgan Stanley Finance LLC priced $351,000 of buffered jump securities with autocallable feature due April 1, 2024 linked to the worst performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting March 29, 2022 if the level of each underlying index is greater than or equal to 102% of its initial price. The redemption payments will be par plus an annual 8.25% rate. Determination dates will be semiannual.

If the worst performing index finishes at or above its call threshold, the payout at maturity will be par plus 24.75%. The payout will be par if the worst performing index finishes below its call threshold but at or above its buffer level. Otherwise, investors will lose 1% loss for every 1% that worst performing index declines beyond 15%

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities with autocallable feature
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$351,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above call threshold, par plus 24.75%; par if worst performing index finishes below call threshold but at or above buffer level; 1% loss for every 1% that worst performing index declines beyond 15%
Call:	Automatically starting March 29, 2022 if the level of each underlying index is greater than or equal to 102% of its initial price; redemption determination dates are semiannual; redemption premium is annual 8.25% rate
Initial level:	12,979.12 for Nasdaq-100 index, 2,221.482 for Russell 2000 index
Buffer levels:	11,032.252 for Nasdaq-100 index, 1,888.260 for Russell 2000 index, 85% of initial level
Call threshold:	13,238.702 for Nasdaq-100 index, 2,265.912 for Russell, 102% of the initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61771VEJ5

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