New Issue: Morgan Stanley prices $8.73 million contingent income autocalls on Dow, Nasdaq, SPDR S&P Regional

New York, Dec. 14 – Morgan Stanley Finance LLC priced $8.73 million of contingent income autocallable securities due Dec. 7, 2023 linked to the Dow Jones industrial average, Nasdaq-100 Index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12.88%, paid quarterly, if each underlier closes at or above its downside threshold on the related quarterly observation date.

The securities will be called automatically starting March 2, 2022 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date.

At maturity the payout will be par unless each asset closes below its 75% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.

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 assets:	Dow Jones industrial average, Nasdaq-100 Index and SPDR S&P Regional Banking ETF
Amount:	$8,727,000
Maturity:	Dec. 7, 2023
Coupon:	12.88%, paid quarterly, if each underlier closes at or above its downside threshold on the related quarterly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
Call:	Automatically starting March 2, 2022 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date
Initial level:	34,580.08 for Dow Jones Industrial Average, $69.29 for SPDR S&P Regional Banking ETF, 15,712.04 for Nasdaq-100 Index
Downside threshold:	25,935.06 for Dow Jones Industrial Average, $51.968 for SPDR S&P Regional Banking ETF, 11,784.03 for Nasdaq-100 Index, 75% of initial level
Pricing date:	Dec. 3
Settlement date:	Dec. 9
Agent:	Morgan Stanley & Co. LLC
Fees:	1.75%
Cusip:	61773HPN3

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