New Issue: Morgan Stanley prices $1.63 million autocallable jump securities on three indexes

New York, May 2 – Morgan Stanley Finance LLC priced $1.63 million of jump securities with autocallable feature due April 27, 2027 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Starting April 26, 2023, the securities will be called automatically if the closing level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date.

At maturity the payout will be par plus 42.5% if the worst performing underlier finishes above 92% of its initial level.

The payout will be par if worst performing index finishes below 92% of its initial level but above its 75% trigger level. Investors will be fully exposed to the decline of worst performing index if it finishes below its 75% trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities with autocallable feature
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$1,628,000
Maturity:	April 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 42.5% if worst performing index finishes above its call threshold level; par if worst performing index finishes below 92% of its initial level but above 75% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Automatically at par plus 8.5% per year starting April 26, 2023 if the closing level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date
Initial levels:	33,811.40 for Dow Jones industrial average, 1,940.665 for Russell 2000 index, 4,271.78 for S&P 500 index
Downside thresholds:	25,358.55 for Dow Jones industrial average, 1,455.499 for Russell 2000 index, 3,203.835 for S&P 500 index, 75% of initial level
Call threshold:	31,106.488 for Dow Jones industrial average, 1,785.412 for Russell 2000 index, 3,930.038 for S&P 500 index, 92% of the initial levels
Pricing date:	April 22
Settlement date:	April 27
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61773QK24

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