New Issue: Morgan Stanley prices $13.22 million 8.6% contingent income autocalls on indexes

New York, Nov. 9 – Morgan Stanley Finance LLC priced $13.22 million of contingent income autocallable securities due Nov. 8, 2028 linked to the Russell 2000 index, S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.6%, paid quarterly, if each underlying index closes at or above its 80% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting May 8, 2024 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 the worst performing index closes below its 60% 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 Dow Jones industrial average
Amount:	$13,221,000
Maturity:	Nov. 8, 2028
Coupon:	8.6%, paid quarterly, if each underlying index closes at or above its 80% 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 May 8, 2024 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:	34,061.32 for Dow Jones industrial average, 1,760.705 for Russell 2000, 4,358.34 for S&P 500
Downside thresholds:	20,436.792 for Dow Jones industrial average, 1,056.423 for Russell 2000, 2,615.004 for S&P 500, 60% of initial level
Coupon barriers:	27,249.056 for Dow Jones industrial average, 1,408.564 for Russell 2000 index, 3,486.672 for S&P 500 index, 80% of initial levels
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	3% including a structuring fee of 0.5%
Cusip:	61775MUT1

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