New Issue: Morgan Stanley prices $1 million 11% worst of fixed coupon RevCons on stocks

New York, June 6 – Morgan Stanley Finance LLC priced $1 million of 11% worst of fixed coupon RevCons due June 6, 2024 linked to the common stocks of Amazon.com, Inc., ConocoPhillips and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 11%, paid annually.

If the worst performing stock finishes at or above the 50% downside threshold, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the worst performing stock 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:	Worst of fixed coupon RevCons
Underlying stocks:	Amazon.com, Inc., ConocoPhillips and Tesla, Inc.
Amount:	$1 million
Maturity:	June 6, 2024
Coupon:	11%, paid annually
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing stock declines from initial level
Initial levels:	$121.66 for Amazon.com, $101.20 for ConocoPhillips, $201.16 for Tesla
Downside thresholds:	$60.83 for Amazon.com, $50.60 for ConocoPhillips, $100.58 for Tesla, 50% of initial levels
Pricing date:	May 30
Settlement date:	June 6
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61771WAY4

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