New Issue: Morgan Stanley prices $871,000 contingent income autocallables on Russell, Nasdaq, Dow

New York, Jan. 3 – Morgan Stanley Finance LLC priced $871,000 of contingent income autocallable securities due March 22, 2023 linked to Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive an annualized coupon of 8.6%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically starting March 22 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date.

At maturity the payout will be par unless the worst performing index finishes below its 65% downside threshold, in which case investors will be fully exposed to the decline of that 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, Nasdaq-100 index and Dow Jones industrial average
Amount:	$871,000
Maturity:	March 22, 2023
Coupon:	8.6%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing underlying index
Call:	Automatically starting March 22 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
Initial level:	35,365.44 for Dow, 15,801.46 for Nasdaq-100, 2,173.931 for Russell 2000
Downside threshold:	22,987.536 for Dow, 10,270.949 for Nasdaq-100, 1,413.055 for Russell 2000, 65% of initial levels
Coupon barrier:	24,755.808 for Dow, 11,061.022 for Nasdaq-100, 1,521.752 for Russell 2000, 70% of the initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61773HVA4

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