New Issue: Morgan Stanley prices $5.52 million contingent income autocalls on indexes, ETF

New York, Nov. 28 – Morgan Stanley Finance LLC priced $5.52 million of contingent income autocallable securities due April 4, 2024 linked to the Russell 2000 index, the Nasdaq-100 index and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 19%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly call determination date.

At maturity, the payout will be par unless the worst performing asset finishes below its 60% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing asset.

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 assets:	Russell 2000 index, Nasdaq-100 index and Energy Select Sector SPDR Fund
Amount:	$5.52 million
Maturity:	April 4, 2024
Coupon:	19%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing asset finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing asset
Call:	Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly call determination date
Initial levels:	11,164.78 for Nasdaq-100, 1,674.931 for Russell 2000, $72.60 for Energy Select Sector SPDR Fund
Downside thresholds:	6,698.868 for Nasdaq-100, 1,004.959 for Russell 2000, $43.56 for Energy Select Sector SPDR Fund, 60% of initial level
Coupon barriers:	7,815.346 for Nasdaq-100, 1,172.452 for Russell 2000, $50.82 for Energy Select Sector SPDR Fund, 70% of initial levels
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61774HGL6

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