New Issue: Morgan Stanley prices $1.87 million 6% contingent income autocallables on indexes, ETF

Chicago, May 26 – Morgan Stanley Finance LLC priced $1.87 million of contingent income autocallable securities due May 9, 2023 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6%, paid monthly, if each underlier closes at or above its 78% coupon barrier on the related monthly observation date.

The securities will be called automatically at par starting May 4, 2022 at par on any monthly call determination date if each asset finishes above its 90% redemption threshold.

At maturity the payout will be par unless each asset closes below its 70% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.

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 assets:	Dow Jones industrial average, Nasdaq-100 index and SPDR S&P Regional Banking ETF
Amount:	$1,871,000
Maturity:	May 9, 2023
Coupon:	6% annual rate, paid monthly, if each underlier closes at or above its 78% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
Call:	Automatically starting May 4, 2022 at par on any monthly call determination date if all assets finish above 90% redemption thresholds
Initial levels:	36,124.23 for Dow, $73.81 for Banking, 16,346.24 for Nasdaq
Downside thresholds:	25,286.961 for Dow, $51.667 for Banking, 11,442.368 for Nasdaq, 70% of initial levels
Coupon barriers:	28,176.899 for Dow, $57.572 for Banking, 12,750.067 for Nasdaq, 78% of the initial levels
Pricing date:	Nov. 4, 2021
Settlement date:	Nov. 9, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61773HCK3

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