New Issue: Morgan Stanley prices $336,000 contingent income autocalls on three indexes

New York, Jan. 18 – Morgan Stanley Finance LLC priced $336,000 of contingent income autocallable securities due Dec. 1, 2022 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 5.5%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.

The securities will be called automatically starting Feb. 28, 2022 at par if the level of each underlying index is greater than or equal to its initial price on any quarterly call determination date.

If the notes have not been called, the payout at maturity will be par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below 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 indexes:	Russell 2000 index, S&P 500 index and Nasdaq-100 index
Amount:	$336,000
Maturity:	Dec. 1, 2022
Coupon:	5.5%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date
Price:	Par
Payout at maturity:	Par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level
Call:	Automatically starting Feb. 28, 2022 at par if the level of each underlying index is greater than or equal to its initial price on any quarterly call determination date
Initial level:	15,278.52 for Nasdaq-100 index, 2,213.979 for Russell 2000 index, 4,470.00 for S&P 500 index
Downside threshold:	10,694.964 for Nasdaq-100 index, 1,549.785 for Russell 2000 index, 3,129.00 for S&P 500 index, 70% of initial levels
Pricing date:	Aug. 26, 2021
Settlement date:	Aug. 31, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773FNT6

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