New Issue: Morgan Stanley sells $250,000 market-linked contingent income notes on three stocks

Chicago, Oct. 3 – Morgan Stanley Finance LLC priced $250,000 of market-linked contingent income notes due Sept. 30, 2027 linked to the worst performing of the Goldman Sachs Group, Inc., Apple Inc. and JPMorgan Chase & Co., according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will pay a contingent quarterly coupon of 9% if each stock closes at or above its initial level on the corresponding date. If any stock closes below its initial level on the observation date, investors will instead receive a 0.5% coupon.

The payout at maturity will be par plus the relevant coupon.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked contingent income notes
Underlying stocks:	Goldman Sachs Group, Inc., Apple Inc. and JPMorgan Chase & Co.
Amount:	$250,000
Maturity:	Sept. 30, 2027
Coupon:	9% payable quarterly if each stock closes at or above initial level on relevant review date; if any stock closes below its initial level on the review date, the coupon will be 0.5%
Price:	Par
Payout at maturity:	Par plus the relevant coupon
Initial levels:	$291.38 for Goldman, $151.76 for Apple, $105.85 for JPMorgan
Pricing date:	Sept. 27, 2022
Settlement date:	Sept. 30, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	4.25%
Cusip:	61774FGH9

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