New Issue: Morgan Stanley prices $539,000 autocallable jump securities on Nasdaq, Dow, Russell

New York, May 24 – Morgan Stanley Finance LLC priced $539,000 of jump securities with autocallable feature due Oct. 31, 2024 linked to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically, starting Oct. 27, 2022 on any semi-annual determination date, at a price to give a return of 7.5% per year if the level of each underlying index is greater than or equal to 95% of its initial level.

At maturity, the payout will be par plus 22.5% if the worst performing underlier finishes at or above 95% of its initial level.

The payout will be par if worst performing index finishes below 95% of its initial level but at or above its 70% trigger level.

Otherwise, investors will be fully exposed to the decline of worst performing index 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 indexes:	Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
Amount:	$539,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 22.5% if worst performing index finishes at or above its call threshold level; par if worst performing index finishes below 95% of its initial level but at or above 70% trigger level; otherwise full exposure to decline of worst performing index
Call:	Automatically at a price to give a return of 7.5% per year if the level of each underlying index is greater than or equal to 95% of its initial level, starting Oct. 27, 2022 on any semi-annual determination date
Initial levels:	35,756.88 for Dow Jones industrial average, 15,559.49 for Nasdaq-100, 2,296.08 for Russell 2000
Downside thresholds:	25,029.816 for Dow Jones industrial average, 10,891.643 for Nasdaq-100, 1,607.253 for Russell 2000, 70% of initial level
Call threshold:	33,969.036 for Dow Jones industrial average, 14,781.516 for Nasdaq-100 index, 2,181.271 for Russell 2000 index, 95% of the initial levels
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773F8H9

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