New Issue: Morgan Stanley prices $1.35 million contingent income autocallables on three indexes

New York, Oct. 13 – Morgan Stanley Finance LLC priced $1.35 million of contingent income autocallable securities due Jan. 5, 2024 linked to the Russell 2000 index, the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 13.5%, paid monthly, if each underlying index closes at or above its 65% downside threshold on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Jan. 5, 2023.

If the notes have not been called, the payout at maturity will be par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its 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:	Contingent income autocallable securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$1,354,000
Maturity:	Jan. 5, 2024
Coupon:	13.5%, paid monthly, if each underlying index closes at or above its 65% downside threshold on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Jan. 5, 2023
Initial levels:	28,725.51 for Dow Jones industrial average, 10,971.22 for Nasdaq-100, 1,664.716 for Russell 2000
Downside thresholds:	18,671.582 for Dow Jones industrial average, 7,131.293 for Nasdaq-100, 1,082.065 for Russell 2000, 65% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61774D5T0

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