SEC Form FWP filed by Morgan Stanley

The issuer has filed a registration statement (including a prospectus) with the SEC relating to the offering to which this announcement relates. Before investing, you should read the prospectus contained in this registration statement and other documents filed by the issuer with the SEC for more complete information about the issuer and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, an underwriter or a dealer participating in the offering may arrange for the prospectus to be sent if you request it by calling toll-free 1-800-584-6837.

Underlying index

Further information on the Underlying Index, including historical performance information, can be found in the attached Preliminary Pricing Supplement.

Risk considerations

The risks listed below are discussed in more detail in the “Risk Factors” section of the attached Preliminary Pricing Addendum. Please consider these risk factors carefully before making any investment decision.

Risks Associated with Investing in Trigger PLUS

●The Trigger PLUS pays no interest and does not guarantee principal repayment.

●The market price of Trigger PLUS is influenced by many unpredictable factors.

●The Trigger PLUSs are subject to our credit risk and any actual or anticipated changes in our credit ratings or credit ranges may adversely affect the market value of the Trigger PLUSs.

●The estimated value of the Trigger Plus is $ 930.00 per trigger plus or is within $ 55.00 of this estimate and is determined on the basis of our price and evaluation models that can deviate from those of other dealers and do not represent a maximum or minimum secondary market price.

●As a financial subsidiary, MSFL does not have an independent business activity and will not have any independent assets.

●The amount payable on the Trigger PLUS is not tied to the value of the underlying index at any time other than the Valuation Day.

●Investing in Trigger PLUS is not the same as investing in the underlying index.

●The interest rate that we are ready for securities of this kind, runtime and emission size is probably lower than the interest rate that results from our secondary market loan, and is advantageous for us. Both the lower interest rate as well as the inclusion of the costs of the Trigger Plus, which is being issued, the sale, structuring and securing of the trigger plus associated costs in the original issue price, reduces the economic conditions of the Trigger Plus than that of the original issue price and will have a negative impact on secondary market prices.

●Trigger PLUS is not listed on any stock exchange and secondary trading may be restricted.

●The calculation office, a subsidiary of Morgan Stanley and a subsidiary of MSFL, makes decisions regarding Trigger Plus.

●Securing and trading activities of our connected companies could possibly have a negative impact on the value of Trigger Plus.

●The U.S. federal income tax implications of an investment in Trigger PLUS are uncertain.

Risks associated with the underlying asset index

●Securities investments involve risks that are tied to the value of foreign equity securities.

●Adjustments to the underlying index could negatively impact the value of Trigger PLUS.

Tax considerations

You should carefully read the discussion in the attached Preliminary Pricing Supplement under the heading “Additional Trigger PLUS Information – Tax Considerations” regarding the U.S. federal income tax implications of investing in the Trigger PLUS and consult your tax advisor.