New Issue: Morgan Stanley sells $1.06 million contingent income autocalls on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, June 10 – Morgan Stanley Finance LLC priced $1.06 million of contingent income autocallable securities due May 10, 2024 tied to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at the rate of 6% per year if each index closes at or above its coupon barrier level, 80% of its initial level, on the observation date that period.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly call determination date after six months.

If the lowest-performing index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the final index value of the lowest-performing 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:	Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:	$1,063,000
Maturity:	May 10, 2024
Coupon:	6% per year, payable monthly if each index closes at or above coupon barrier level on observation date that period
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par; otherwise, full exposure to decline of lowest-performing index from its initial level
Call:	At par if each index closes at or above its initial level on any quarterly call determination date after six months
Initial levels:	34,777.76 for Dow, 13,719.63 for Nasdaq, 2,271.629 for Russell
Coupon barrier levels:	27,822.208 for Dow, 10,975.704 for Nasdaq, 1,817.303 for Russell; 80% of initial levels
Downside threshold levels:	24,344.432 for Dow, 9,603.741 for Nasdaq, 1,590.14 for Russell; 70% of initial levels
Pricing date:	May 7
Settlement date:	May 12
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61771VF39

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