New Issue: Morgan Stanley prices $1.33 million enhanced buffered jump notes on indexes

By Sarah Lizee

Olympia, Wash., May 26 – Morgan Stanley Finance LLC priced $1.33 million of 0% enhanced buffered jump securities due May 26, 2022 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its downside threshold value, 60% of its initial level, the payout at maturity will be par plus 5.5%. If the final level of either index is less than its downside threshold value, investors will lose 1% for every 1% that the least-performing index declines beyond 40%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$1,333,000
Maturity:	May 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than or equal to its downside threshold value, par plus 5.5%; if the final level of either index is less than its downside threshold value, 1% loss for every 1% that the least-performing index declines beyond 40%
Initial levels:	24,474.12 for Dow, 2,948.51 for S&P and 1,347.559 for Russell
Downside thresholds:	14,684.472 for Dow, 1,769.106 for S&P and 808.535 for Russell, or 60% of initial levels
Pricing date:	May 21
Settlement date:	May 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61771BFQ2

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