New Issue: Morgan Stanley prices $255,000 8% contingent income autocalls on three indexes

Chicago, March 7 – Morgan Stanley Finance LLC priced $255,000 of contingent income autocallable securities due Nov. 18, 2024 linked to the worst performing of the Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting Nov. 14, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.

At maturity the payout will be par unless the worst performing index closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the worst performing index.

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, Nasdaq-100 index and Dow Jones industrial average
Amount:	$255,000
Maturity:	Nov. 18, 2024
Coupon:	8% annual rate, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing index
Call:	Automatically starting Nov. 14, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
Initial levels:	32,196.66 for Dow, 12,387.40 for Nasdaq, 1,792.666 for Russell
Downside thresholds:	19,317.996 for Dow, 7,432.44 for Nasdaq, 1,075.600 for Russell, 60% of initial level
Coupon barriers:	24,147.495 for Dow, 9,290.55 for Nasdaq, 1,344.500 for Russell, 75% of initial levels
Pricing date:	May 13, 2022
Settlement date:	May 18, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773Q2P3

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