New Issue: Morgan Stanley prices $1.52 million contingent income autocalls on three indexes

New York, April 11 – Morgan Stanley Finance LLC priced $1.52 million of contingent income autocallable securities due Oct. 9, 2024 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to 91% of its initial level on any monthly call determination date starting July 5.

If the notes have not been called, the payout at maturity will be par unless any index closes below its 70% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines 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:	Contingent income autocallable securities
Underlying indexes:	Russell 2000 index, S&P 500 index and Nasdaq-100 index
Amount:	$1,518,000
Maturity:	Oct. 9, 2024
Coupon:	7%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless any index closes below its 70% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to 91% of its initial level on any monthly call determination date starting July 5
Initial levels:	13,100.07 for Nasdaq-100, 1,769.655 for Russell 2000, 4,100.60 for S&P 500
Downside thresholds:	9,170.049 for Nasdaq-100, 1,238.759 for Russell 2000, 2,870.42 for S&P 500, 70% of initial level
Coupon barriers:	9,825.053 for Nasdaq-100, 1,327.241 for Russell 2000, 3,075.45 for S&P 500, 75% of initial levels
Call threshold:	11,921.064 for Nasdaq-100, 1,610.386 for Russell 2000, 3,731.546 for S&P 500, 91% of initial levels
Pricing date:	April 4
Settlement date:	April 10
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61774XKB8

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