New Issue: Morgan Stanley prices $549,000 contingent income autocalls on Dow, Nasdaq, Russell

Chicago, March 30 – Morgan Stanley Finance LLC priced $549,000 of contingent income autocallable securities due March 18, 2030 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes will pay a contingent coupon at the rate of 16% per year if each index closes at or above its coupon barrier level, 80% of its initial level, on the determination date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date after six months.

The payout at maturity will be par plus any coupon due unless any index finishes below its 80% downside threshold, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent income autocallable securities
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 and Russell 2000
Amount:	$549,000
Maturity:	March 18, 2030
Coupon:	16% per year, payable quarterly if each index closes at or above barrier level on determination date for that quarter
Price:	Par
Payout at maturity:	Par plus any coupon due unless any index finishes below its downside threshold, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level
Call:	Automatically at par if each index closes at or above initial level on any quarterly determination date after six months
Initial index levels:	1,210.135 for Russell, 23,185.62 for Dow, 7,995.263 for Nasdaq
Coupon barrier levels:	968.108 for Russell, 18,548.496 for Dow, 6,396.210 for Nasdaq; 80% of initial levels
Downside thresholds:	968.108 for Russell, 18,548.496 for Dow, 6,396.210 for Nasdaq; 80% of initial levels
Pricing date:	March 13
Settlement date:	March 18
Agent:	Morgan Stanley & Co. LLC
Fees:	4.5%
Cusip:	61770FSQ0

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