New Issue: Morgan Stanley prices $2.22 million autocallable jump securities on index, ETF

New York, Aug. 28 – Morgan Stanley Finance LLC priced $2.22 million of jump securities with autocallable feature due Aug. 23, 2027 linked to the Nasdaq-100 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par plus a call premium of 18.55% per year if the closing level of each underlier is greater than or equal to 90% of its initial price on any quarterly call determination date starting Aug. 21, 2024.

At maturity, the payout will be par plus 74.2% if the worst performing underlier finishes at or above 90% of its initial level.

The payout will be par if worst performing asset finishes below 90% of its initial level but at or above its 60% trigger level. Otherwise, investors will be fully exposed to the decline of worst performing asset 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 assets:	Nasdaq-100 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,224,000
Maturity:	Aug. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 74.2% if worst performing asset finishes at or above its call threshold level; par if worst performing asset finishes below 90% of its initial level but at or above 60% trigger level; otherwise, full exposure to decline of worst performing asset
Call:	Automatically at par plus a call premium of 18.55% per year if the closing level of each underlier is greater than or equal to 90% of its initial price on any quarterly call determination date starting Aug. 21, 2024
Initial levels:	14,694.84 for Nasdaq-100, $147.89 for SPDR S&P Oil & Gas Exploration & Production ETF
Downside thresholds:	8,816.904 for Nasdaq-100, $88.734 for SPDR S&P Oil & Gas Exploration & Production ETF, 60% of initial levels
Call thresholds:	13,225.356 for Nasdaq-100 index, $133.101 for SPDR S&P Oil & Gas Exploration & Production ETF, 90% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61775HVL8

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