New Issue: Morgan Stanley prices $4.25 million contingent income autocalls on three indexes

New York, March 22 – Morgan Stanley Finance LLC priced $4.25 million of contingent income autocallable securities due March 20, 2025 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.65%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.

The securities will be called automatically starting Sept. 19, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date.

At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that 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:	$4,253,000
Maturity:	March 20, 2025
Coupon:	8.65%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly 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 underlying index
Call:	Automatically starting Sept. 19, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
Initial levels:	34,480.76 for Dow Jones industrial average, 14,118.60 for Nasdaq-100 index, 2,065.019 for Russell 2000 index
Downside threshold:	24,136.532 for Dow Jones industrial average, 9,883.02 for Nasdaq-100 index, 1,445.513 for Russell 2000 index, 70% of initial levels
Pricing date:	March 17
Settlement date:	March 22
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773QPZ6

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