New Issue: Morgan Stanley prices $4.78 million autocallable jump securities on Nasdaq, Dow Jones industrial, Russell

New York, Dec. 9 – Morgan Stanley Finance LLC priced $4.78 million of jump securities with autocallable feature due Dec. 6, 2024 linked to Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting June 3, 2022 at a price to give a return of 11.5% per year if the level of each underlying index is greater than or equal to its initial price on any semiannual call determination date.

At maturity the payout will be par plus 34.5% if the worst performing index finishes above its initial level.

The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger 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:	Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
Amount:	$4,775,000
Maturity:	Dec. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 34.5% if the worst performing index finishes above its initial level; par if the worst performing index declines but closes above its downside threshold level; otherwise full exposure to the decline of the worst performing index
Call:	Automatically starting June 3, 2022 at a price to give a return of 11.5% per year if the level of each underlying index is greater than or equal to its initial price on any semiannual call determination date
Initial level:	34,580.08 for Dow Jones Industrial Average, 15,712.04 for Nasdaq-100 index, 2,159.310 for Russell 2000 index
Downside threshold:	24,206.056 for Dow Jones Industrial Average, 10,998.428 for Nasdaq-100 index, 1,511.517 for Russell 2000 index, 70% of initial level
Pricing date:	Dec. 3
Settlement date:	Dec. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773HJN0

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