New Issue: Morgan Stanley prices $1.49 million autocallable jump securities on three indexes

New York, Nov. 8 – Morgan Stanley Finance LLC priced $1.49 million of jump securities with autocallable feature due Aug. 1, 2024 linked to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at a price to give a return of 22.25% per year if the closing level of each underlying index is greater than or equal to 95% of its initial level on any monthly determination date starting Jan. 30, 2023.

At maturity, the payout will be par plus 38.9375% if the worst performing underlier finishes at or above 95% of its initial level.

The payout will be par if worst performing index finishes below 95% of its initial level but at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of worst performing index from 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:	Jump securities with autocallable feature
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
Amount:	$1,487,000
Maturity:	Aug. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 38.9375% if worst performing index finishes at or above its call threshold level; par if worst performing index finishes below 95% of its initial level but at or above 70% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Automatically at a price to give a return of 22.25% per year if the closing level of each underlying index is greater than or equal to 95% of its initial level on any monthly determination date starting Jan. 30, 2023
Initial levels:	32,861.80 for Dow Jones industrial average, 11,546.21 for Nasdaq-100, 1,846.921 for Russell 2000
Downside thresholds:	23,003.26 for Dow Jones industrial average, 8,082.347 for Nasdaq-100, 1,292.845 for Russell 2000, 70% of initial level
Call threshold:	31,218.71 for Dow Jones industrial average, 10,968.900 for Nasdaq-100 index, 1,754.575 for Russell 2000 index, 95% of initial levels
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61774HRJ9

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