New Issue: Morgan Stanley prices $1.09 million 6.75% contingent income autocallables on indexes

Chicago, Feb. 14 – Morgan Stanley Finance LLC priced $1.09 million of contingent income autocallable securities due Feb. 3, 2027 linked to the worst performing of the Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6.75%, paid quarterly, if each underlying index closes at or above its 60% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting Nov. 3, 2022 at par on any quarterly call determination date if all three indexes close above their 90% redemption threshold level.

At maturity the payout will be par unless the worst performing index closes 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:	$1,089,000
Maturity:	Feb. 3, 2027
Coupon:	6.75% annual rate, paid quarterly, if each underlying index closes at or above its 60% coupon barrier on the related quarterly 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 index
Call:	Automatically starting Nov. 3, 2022 at par on any quarterly call determination date if all three indexes close above their 90% redemption threshold levels
Initial levels:	32,977.21 for Dow, 12,854.80 for Nasdaq, 1,864.103 for Russell
Downside thresholds:	16,488.605 for Dow, 6,427.40 for Nasdaq, 932.052 for Russell, 50% of initial levels
Coupon barriers:	19,786.326 for Dow, 7,712.88 for Nasdaq, 1,118.462 for Russell, 60% of initial levels
Call threshold:	29,679.489 for Dow, 11,569.32 for Nasdaq, 1,677.693 for Russell, 90% of initial levels
Pricing date:	April 29, 2022
Settlement date:	May 4, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61773Q5F2

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