New Issue: Morgan Stanley prices $2.54 million autocallable jump securities on three indexes

New York, June 29 – Morgan Stanley Finance LLC priced $2.54 million of jump securities with autocallable feature due June 28, 2028 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par plus an 8.25% annualized call premium if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date starting June 26, 2024.

At maturity, the payout will be par plus 41.25% if the worst performing underlier finishes at or above 90% of its initial level.

The payout will be par if worst performing index finishes below 90% of its initial level but at or above its 75% trigger level. Otherwise, investors will be fully exposed to the decline of worst performing index from initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities with autocallable feature
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$2,544,000
Maturity:	June 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 41.25% if worst performing index finishes at or above its call threshold level; par if worst performing index finishes below 90% of its initial level but at or above 75% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Automatically at par plus an 8.25% annualized call premium if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date starting June 26, 2024
Initial levels:	33,727.43 for Dow Jones industrial average, 1,821.635 for Russell 2000, 4,348.33 for S&P 500
Downside thresholds:	25,295.573 for Dow Jones industrial average, 1,366.226 for Russell 2000, 3,261.248 for S&P 500, 75% of initial levels
Call thresholds:	30,354.687 for Dow Jones industrial average, 1,639.472 for Russell 2000, 3,913.497 for S&P 500, 90% of initial levels
Pricing date:	June 23
Settlement date:	June 28
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774X5C3

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