New Issue: Morgan Stanley prices $251,000 6.5% contingent income autocallables on indexes

Chicago, Oct. 28 – Morgan Stanley Finance LLC priced $251,000 of contingent income autocallable securities due Dec. 1, 2025 linked to the worst performing of the Russell 2000 index, Nasdaq-100 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6.5%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting Aug. 30, 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 Euro Stoxx 50 index
Amount:	$251,000
Maturity:	Dec. 1, 2025
Coupon:	6.5% annual rate, paid quarterly, if each underlying index closes at or above its 70% 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 Aug. 30, 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:	14,189.16 for Nasdaq, 2,040.929 for Russell, 3,970.69 for Stoxx
Downside thresholds:	8,513.496 for Nasdaq, 1,224.557 for Russell, 2,382.414 for Stoxx, 60% of initial levels
Coupon barriers:	9,932.412 for Nasdaq, 1,428.650 for Russell, 2,779.483 for Stoxx, 70% of initial levels
Pricing date:	Feb. 25
Settlement date:	March 2
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773QDC0

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