New Issue: Morgan Stanley sells $1.5 million 8.9% worst-of fixed-coupon RevCons on stocks

Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $1.5 million of worst of fixed coupon RevCons due April 11, 2024 linked to the worst performing of the common stocks of Lowe’s Cos., Inc. and Coca-Cola Co., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.9%, paid monthly.

If the worst performing stock gains or declines but ends above the 50% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing stock declines if it finishes below the downside threshold level.

The notes are non-callable.

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:	Lowe’s Cos., Inc. and Coca-Cola Co.
Amount:	$1,501,000
Maturity:	April 11, 2024
Coupon:	8.9% annual rate, paid monthly
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing stock declines if it finishes below its downside threshold level
Initial levels:	$55.03 for Coca-Cola, $199.98 for Lowe’s
Downside thresholds:	$27.515 for Coca-Cola, $99.99 for Lowe’s, 50% of initial levels
Call:	Non-callable
Pricing date:	Oct. 7, 2022
Settlement date:	Oct. 13, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.3%
Cusip:	61774HVU9

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