New Issue: Morgan Stanley prices $2.31 million contingent income autocalls on three indexes

New York, Jan. 19 – Morgan Stanley Finance LLC priced $2.31 million of contingent income autocallable securities due July 18, 2023 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.75%, 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 April 18 at par if the level of each underlying index is greater than or equal to its initial price on any monthly call determination date.

At maturity the payout will be par unless the worst performing index closes below its 65% downside threshold in which case investors will be fully exposed to the decline of that 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 Dow Jones industrial average
Amount:	$2.31 million
Maturity:	July 18, 2023
Coupon:	8.75%, 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 underlying index
Call:	Automatically starting April 18 at par if the level of each underlying index is greater than or equal to its initial price on any monthly call determination date
Initial level:	36,113.62 for Dow Jones industrial average, 15,495.62 for Nasdaq-100 index, 2,159.437 for Russell 2000 index
Downside threshold:	23,473.853 for Dow Jones industrial average, 10,072.153 for Nasdaq-100 index, 1,403.634 for Russell 2000 index, 65% of initial levels
Coupon barrier:	25,279.534 for Dow Jones industrial average, 10,846.934 for Nasdaq-100 index, 1,511.606 for Russell 2000 index, 70% of the initial levels
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	Morgan Stanley & Co. LLC
Fees:	0.65%
Cusip:	61773HD97

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