New Issue: Morgan Stanley prices $2.41 million 8.15% contingent income autocallables on indexes

New York, Sept. 13 – Morgan Stanley Finance LLC priced $2.41 million of contingent income autocallable securities due March 31, 2023 linked to the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive an annual coupon of 8.15%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically starting Dec. 13 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date.

At maturity the payout will be par unless the worst performing index closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the worst performing index.

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, Nasdaq-100 index and S&P 500 index
Amount:	$2,409,000
Maturity:	March 31, 2023
Coupon:	8.15%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing index
Call:	Automatically starting Dec. 13 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
Initial levels:	12,321.19 for Nasdaq-100, 1,846.906 for Russell 2000, 4,006.18 for S&P 500
Downside thresholds:	7,392.714 for Nasdaq-100, 1,108.144 for Russell 2000, 2,403.708 for S&P 500, 60% of initial level
Coupon barriers:	8,624.833 for Nasdaq-100 index, 1,292.834 for Russell 2000 index, 2,804.326 for S&P 500 index, 70% of initial levels
Pricing date:	Sept. 8
Settlement date:	Sept. 13
Agent:	Morgan Stanley & Co. LLC
Fees:	0.4%
Cusip:	61774FHZ8

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