New Issue: Morgan Stanley prices $600,000 6.25% contingent income buffered autocallables on indexes

New York, Oct. 24 – Morgan Stanley Finance LLC priced $600,000 of contingent income buffered autocallable securities due Sept. 26, 2025 linked to 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 6.25%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting March 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.

At maturity the payout will be par unless either index declines by more than its 20% buffer, in which case investors will be exposed to the decline of the worst performing index beyond the buffer.

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 buffered autocallable securities
Underlying indexes:	Russell 2000 index, S&P 500 index and Nasdaq-100 index
Amount:	$600,000
Maturity:	Sept. 26, 2025
Coupon:	6.25%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	Par if the worst performing index gains or loses no more than its 20% buffer; otherwise, investors will be exposed to the decline in the worst performing index beyond the buffer
Call:	Automatically starting March 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
Initial levels:	11,311.24 for Nasdaq-100, 1,679.590 for Russell 2000, 3,693.23 for S&P 500
Buffer:	20%
Coupon barriers:	8,483.43 for Nasdaq-100 index, 1,259.693 for Russell 2000 index, 2,769.923 for S&P 500 index, 75% of initial levels
Buffer level:	9,048.992 for Nasdaq-100 index, 1,343.672 for Russell 2000 index, 2,954.584 for S&P 500 index, 80% of initial level
Pricing date:	Sept. 23, 2022
Settlement date:	Sept. 28, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2.75%
Cusip:	61774HBH0

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