New Issue: Morgan Stanley prices $4.05 million contingent income autocallables linked to stocks

Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $4.05 million of contingent income autocallable securities due April 5, 2021 linked to the least performing of the common stocks of Facebook, Inc., Booking Holdings Inc. and Johnson & Johnson, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon (plus any previously unpaid coupons) at the rate of 6.12% per year if each stock closes at or above its downside threshold level, 55% of its initial level, on the related determination date.

Beginning Dec. 26, the notes will be called at par plus the contingent coupon (plus any previously unpaid coupons) if each stock closes at or above 90% of its initial level on any quarterly early redemption determination date.

The payout at maturity will be par plus the coupon (plus any previously unpaid coupons) unless any stock finishes below its downside threshold level, in which case investors will be exposed to the decline of the least-performing stock 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 stocks:	Facebook, Inc., Booking Holdings Inc. and Johnson & Johnson
Amount:	$4,048,000
Maturity:	April 5, 2021
Coupon:	6.12% per year, payable quarterly if each stock closes at or above downside threshold on related determination date
Price:	Par
Payout at maturity:	Par plus coupon and previously unpaid coupons unless any stock finishes below downside threshold, in which case exposure to decline of least-performing stock from initial level
Call:	Beginning Dec. 26, automatically at par plus coupon and any previously unpaid coupons if each stock closes at or above initial level on any quarterly determination date
Initial share prices:	$180.11 for Facebook, $1,978.45 for Booking, $128.85 for JNJ
Call threshold prices:	$162.099 for Facebook, $1,780.605 for Booking, $115.965 for JNJ, 90% of initial levels
Downside thresholds:	$99.061 for Facebook, $1,088.148 for Booking, $70.868 for JNJ, 55% of initial levels, 55% of initial share prices
Pricing date:	Sept. 27
Settlement date:	Oct. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61769HXG5

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