New Issue: Morgan Stanley prices $1 million contingent income autocallables on three indexes

New York, June 29 – Morgan Stanley Finance LLC priced $1 million of contingent income autocallable securities due Sept. 26, 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 6.75%, paid monthly, if each underlying index closes at or above its 60% coupon barrier on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Sept. 26.

At maturity, the payout will be par unless the worst performing index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing 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:	$1 million
Maturity:	Sept. 26, 2023
Coupon:	6.75%, paid monthly, if each underlying index closes at or above its 60% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Sept. 26
Initial levels:	30,530.25 for Dow Jones industrial average, 11,546.76 for Nasdaq-100, 1,694.031 for Russell 2000
Downside thresholds:	15,265.125 for Dow Jones industrial average, 5,773.38 for Nasdaq-100, 847.016 for Russell 2000, 50% of initial level
Coupon barrier:	18,318.15 for Dow Jones industrial average, 6,928.056 for Nasdaq-100, 1,016.419 for Russell 2000, 60% of initial levels
Pricing date:	June 21
Settlement date:	June 24
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774DPX9

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