New Issue: Morgan Stanley prices $1 million fixed-income securities on indexes

Chicago, Sept. 15 – Morgan Stanley Finance LLC priced $1 million of-fixed income securities due Oct. 24, 2024 linked to the worst performing of the Nasdaq-100 index, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 5.85%, paid quarterly.

If the worst performing index gains or ends above the 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

The notes are non-callable.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income securities
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average and S&P 500 index
Amount:	$1 million
Maturity:	Oct. 24, 2024
Coupon:	5.85%, paid quarterly
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
Initial levels:	34,265.37 for Dow, 14,438.40 for Nasdaq, 4,397.94 for S&P
Downside threshold levels:	23,985.759 for Dow, 10,106.88 for Nasdaq, 3,078.558 for S&P, 70% of initial levels
Call:	Non-callable
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61773HM30

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