New Issue: Morgan Stanley prices $1.53 million contingent income autocallables on three indexes

New York, Aug. 28 – Morgan Stanley Finance LLC priced $1.53 million of contingent income autocallable securities due Aug. 21, 2026 linked to the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.4%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.

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 Feb. 23, 2024.

At maturity, the payout will be par unless the worst performing index finishes below its 70% 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, Dow Jones industrial average and Nasdaq-100 index
Amount:	$1,529,000
Maturity:	Aug. 21, 2026
Coupon:	10.4%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
Price:	Par
Payout at maturity:	Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
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 Feb. 23, 2024
Initial levels:	34,500.66 for Dow Jones industrial average, 14,694.84 for Nasdaq-100, 1,859.421 for Russell 2000
Downside thresholds:	24,150.462 for Dow Jones industrial average, 10,286.388 for Nasdaq-100, 1,301.595 for Russell 2000, 70% of initial levels
Coupon barriers:	25,875.495 for Dow Jones industrial average, 11,021.13 for Nasdaq-100, 1,394.566 for Russell 2000, 75% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61775HYK7

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