New Issue: Morgan Stanley prices $1.73 million 7.65% contingent income autocallables on indexes

Chicago, May 16 – Morgan Stanley Finance LLC priced $1.73 million of contingent income autocallable securities due Oct. 12, 2023 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 7.65%, 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 April 12, 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 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:	$1,725,000
Maturity:	Oct. 12, 2023
Coupon:	7.65% 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 underlying index
Call:	Automatically starting April 12, 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:	34,754.94 for Dow, 14,897.13 for Nasdaq, 2,250.094 for Russell
Downside threshold:	20,852.964 for Dow, 8,938.278 for Nasdaq, 1,350.056 for Russell, 60% of initial levels
Coupon barrier:	24,328.458 for Dow, 10,427.991 for Nasdaq, 1,575.066 for Russell, 70% of the initial levels
Pricing date:	Oct. 7, 2021
Settlement date:	Oct. 13, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773FX40

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