New Issue: Morgan Stanley prices $1.66 million autocallable jump securities on three indexes

New York, Dec. 22 – Morgan Stanley Finance LLC priced $1.66 million of jump securities with autocallable feature due Sept. 19, 2024 linked to the Nasdaq-100 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 a price to give a return of 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any monthly determination date starting March 16, 2023.

At maturity, the payout will be par plus 26.25% if the worst performing underlier finishes at or above its initial level.

The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing index from 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:	Jump securities with autocallable feature
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
Amount:	$1.66 million
Maturity:	Sept. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 26.25% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of worst performing index from initial level
Call:	Automatically at a price to give a return of 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any monthly determination date starting March 16, 2023
Initial levels:	32,920.46 for Dow Jones industrial average, 11,243.72 for Nasdaq-100, 1,763.420 for Russell 2000
Downside thresholds:	23,044.322 for Dow Jones industrial average, 7,870.604 for Nasdaq-100, 1,234.394 for Russell 2000, 70% of initial level
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61774TCL4

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