New Issue: Morgan Stanley prices $2.19 million contingent income autocallables on three indexes

New York, April 3 – Morgan Stanley Finance LLC priced $2.19 million of contingent income autocallable securities due June 27, 2024 linked to the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 11.1%, paid monthly, if each underlying index closes at or above its 75% downside threshold on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Sept. 25, 2023.

If the notes have not been called, the payout at maturity will be par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from 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:	Contingent income autocallable securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and S&P 500 index
Amount:	$2,185,000
Maturity:	June 27, 2024
Coupon:	11.1%, paid monthly, if each underlying index closes at or above its 75% downside threshold on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Sept. 25, 2023
Initial levels:	32,237.53 for Dow Jones industrial average, 1,734.923 for Russell 2000, 3,970.99 for S&P 500
Downside thresholds:	24,178.148 for Dow Jones industrial average, 1,301.192 for Russell 2000, 2,978.243 for S&P 500, 75% of initial level
Pricing date:	March 24
Settlement date:	March 29
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61774XBJ1

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