New Issue: Morgan Stanley prices $3.02 million autocallable jump securities on three indexes

New York, July 7 – Morgan Stanley Finance LLC priced $3.02 million of jump securities with autocallable feature due July 7, 2028 linked to S&P 500 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par plus a return of 10.4% per year if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date starting July 5, 2024.

At maturity, the payout will be par plus 52% if the worst performing underlier finishes at or above 90% of its initial level.

The payout will be par if worst performing index finishes below 90% of its initial level but at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of worst performing index from its initial 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:	$3,015,000
Maturity:	July 7, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 52% if worst performing index finishes at or above its call threshold level; par if worst performing index finishes below 90% of its initial level but at or above 70% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Automatically at par plus a return of 10.4% per year if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date starting July 5, 2024
Initial levels:	34,418.47 for Dow Jones industrial average, 1,896.781 for Russell 2000, 4,455.59 for S&P 500
Downside thresholds:	24,092.929 for Dow Jones industrial average, 1,327.747 for Russell 2000, 3,118.913 for S&P 500, 70% of initial levels
Call threshold:	30,976.623 for Dow Jones industrial average, 1,707.103 for Russell 2000, 4,010.031 for S&P 500, 90% of initial levels
Pricing date:	July 3
Settlement date:	July 7
Agent:	Morgan Stanley & Co. LLC
Fees:	0.625%
Cusip:	61775HCL9

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