New Issue: Morgan Stanley prices $2.08 million autocallable jump securities on indexes

New York, Oct. 7 – Morgan Stanley Finance LLC priced $2.08 million of jump securities with autocallable feature due Oct. 5, 2027 linked to S&P 500 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 30, 2023 at a price to give a return of 14% per year if the level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date.

At maturity the payout will be par plus 70% if the worst performing underlier finishes above 92% of its initial level.

The payout will be par if worst performing index finishes below 92% of its initial level but above its 75% trigger level. Investors will be fully exposed to the decline of worst performing index if it finishes below its 75% 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:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$2,075,000
Maturity:	Oct. 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 70% if worst performing index finishes above its call threshold level; par if worst performing index finishes below 92% of its initial level but above 75% trigger level; otherwise full exposure to decline of worst performing index
Call:	Automatically starting June 30, 2023 at a price to give a return of 14% per year if the level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date
Initial levels:	28,725.51 for Dow Jones industrial average, 1,664.716 for Russell 2000, 3,585.62 for S&P 500
Downside thresholds:	21,544.133 for Dow Jones industrial average, 1,248.537 for Russell 2000, 2,689.215 for S&P 500, 75% of initial level
Call threshold:	26,427.469 for Dow Jones industrial average, 1,531.539 for Russell 2000 index, 3,298.770 for S&P 500 index, 92% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774HGQ5

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