New Issue: Morgan Stanley prices $672,000 7.5% contingent income autocallables linked to indexes

New York, July 3 – Morgan Stanley Finance LLC priced $672,000 of contingent income autocallable securities due Feb. 1, 2024 linked to the Russell 2000 index, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.5%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons. Previously unpaid coupons will also be paid.

The securities will be called automatically starting Jan. 30, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date.

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, S&P 500 index and Nasdaq-100 index
Amount:	$672,000
Maturity:	Feb. 1, 2024
Coupon:	7.5%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
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 Jan. 30, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
Initial levels:	12,717.87 for Nasdaq-100, 1,873.027 for Russell 2000, 4,072.43 for S&P 500
Downside thresholds:	6,358.935 for Nasdaq-100, 936.514 for Russell 2000, 2,036.215 for S&P 500, 50% of initial level
Coupon barriers:	8,902.509 for Nasdaq-100 index, 1,311.119 for Russell 2000 index, 2,850.701 for S&P 500 index, 70% of initial levels
Pricing date:	July 28, 2022
Settlement date:	Aug. 2, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61774DF36

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