New Issue: Morgan Stanley prices $1.42 million contingent income autocallables on three indexes

New York, Oct. 19 – Morgan Stanley Finance LLC priced $1.42 million of contingent income autocallable securities due Dec. 21, 2023 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 9.25%, 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 at par if the closing level of each underlying index is greater than or equal to 90% of its initial level 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 worst 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:	$1,417,000
Maturity:	Dec. 21, 2023
Coupon:	9.25%, 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 worst performing index finishes below its initial level
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date
Initial levels:	11,861.38 for Nasdaq-100, 1,798.189 for Russell 2000, 3,873.33 for S&P 500
Downside thresholds:	8,302.966 for Nasdaq-100, 1,258.732 for Russell 2000, 2,711.331 for S&P 500, 70% of initial level
Call threshold:	10,675.24 for Nasdaq-100 index, 1,618.370 for Russell 2000 index, 3,485.997 for S&P 500 index, 90% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61774FGA4

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