New Issue: Morgan Stanley prices $990,000 6.3% fixed-income securities on three indexes

Chicago, Jan. 24 – Morgan Stanley Finance LLC priced $990,000 of fixed-income securities due April 25, 2025 linked to the worst performing of 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 a coupon of 6.3%, paid monthly.

If the worst performing index gains or ends above the 60% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

The notes are non-callable.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed-income securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:	$990,000
Maturity:	April 25, 2025
Coupon:	6.3%, paid monthly
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
Initial levels:	13,356.87 for Nasdaq, 1,940.665 for Russell, 4,271.78 for S&P
Downside threshold:	8,014.122 for Nasdaq, 1,164.399 for Russell, 2,563.068 for S&P, 60% of initial levels
Call:	Non-callable
Pricing date:	April 22, 2022
Settlement date:	April 27, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61773QP60

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