New Issue: Morgan Stanley prices $1.13 million buffered autocallable jump securities on two indexes

New York, May 24 – Morgan Stanley Finance LLC priced $1.13 million of buffered jump securities with autocallable feature due Oct. 31, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically, starting Oct. 27, 2022 on any semiannual determination date, at a price to give a return of 5.75% per year if the level of each underlying index is greater than or equal to 102% of its initial level.

If the worst performing index finishes at or above its call threshold level, the payout at maturity will be par plus 17.25%.

Investors will receive par if the worst performing index finishes below its call threshold level but declines by 15% or less and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities with autocallable feature
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$1,134,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its call threshold level, par plus 17.25%; par if worst performing index finishes below its call threshold level but declines by 15% or less; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
Call:	Automatically at a price to give a return of 5.75% per year if the level of each underlying index is greater than or equal to 102% of its initial level, starting Oct. 27, 2022 on any semiannual determination date
Initial levels:	15,559.49 for Nasdaq-100, 2,296.075 for Russell 2000
Buffer levels:	13,225.567 for Nasdaq-100, 1,951.664 for Russell 2000, 85% of initial level
Call threshold:	15,870.680 for Nasdaq-100, 2,341.997 for Russell 2000, 102% of the initial levels
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3.1%
Cusip:	61773FS87

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