New Issue: Morgan Stanley prices $2.79 million 8.5% contingent income autocallables on indexes, ETF

New York, Dec. 9 – Morgan Stanley Finance LLC priced $2.79 million of contingent income autocallable securities due Sept. 8, 2023 linked to the Russell 2000 Index, Nasdaq-100 Index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.5%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting March 8, 2022 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date.

At maturity the payout will be par unless each asset closes below its 65% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.

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 assets:	Russell 2000 Index, Nasdaq-100 Index and SPDR S&P Regional Banking ETF
Amount:	$2,786,000
Maturity:	Sept. 8, 2023
Coupon:	8.5%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
Call:	Automatically starting March 8, 2022 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date
Initial level:	$69.29 for SPDR S&P Regional Banking ETF, 15,712.04 for Nasdaq-100 Index, 2,159.310 for Russell 2000 Index
Downside threshold:	$45.039 for SPDR S&P Regional Banking ETF, 10,212.826 for Nasdaq-100 Index, 1,403.552 for Russell 2000 Index, 65% of initial level
Coupon barrier:	$48.503 for SPDR S&P Regional Banking ETF, 10,998.428 for Nasdaq-100 Index, 1,511.517 for Russell 2000 Index, 70% of the initial levels
Pricing date:	Dec. 3
Settlement date:	Dec. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61773HKE8

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