New Issue: Morgan Stanley sells $6.75 million contingent income autocallables linked to indexes, ETF

New York, March 2 – Morgan Stanley Finance LLC priced $6.75 million of contingent income autocallable securities due Feb. 29, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 Index and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 14.75%, paid quarterly, if each underlier closes at or above its 75% downside threshold on the related quarterly observation date.

The securities will be called automatically starting May 24 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date.

At maturity the payout will be par unless each asset closes below its 75% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.

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 autocallable securities
Underlying assets:	Dow Jones industrial average, Nasdaq-100 Index and SPDR S&P Regional Banking ETF
Amount:	$6,746,000
Maturity:	Feb. 29, 2024
Coupon:	14.75%, paid quarterly, if each underlier closes at or above its 75% downside threshold on the related quarterly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
Call:	Automatically starting May 24 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date
Initial level:	34,058.75 for Dow Jones industrial average, $73.84 for SPDR S&P Regional Banking ETF, 14,189.16 for Nasdaq-100 Index
Downside threshold:	25,544.063 for Dow Jones industrial average, $55.38 for SPDR S&P Regional Banking ETF, 10,641.87 for Nasdaq-100 Index, 75% of initial level
Pricing date:	Feb. 25
Settlement date:	March 3
Agent:	Morgan Stanley & Co. LLC
Fees:	1.75%
Cusip:	61773QDF3

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