New Issue: Morgan Stanley prices $17.18 million trigger jump securities on S&P 500

By Marisa Wong

Madison, Wis., June 3 - Morgan Stanley priced $17.18 million of 0% trigger jump securities due June 4, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will equal par plus the greater of the index return and the upside payment of 32%. Investors will receive par if the index declines by up to 40% and will be exposed to losses from the initial level if the index declines by more than 40%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying index:	S&P 500
Amount:	$17,179,600
Maturity:	June 4, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus greater of index return and 32%; par if index declines by up to 40%; full exposure to losses if index declines more than 40%
Initial level:	1,923.57
Downside threshold:	1,154.142, 60% of initial level
Pricing date:	May 30
Settlement date:	June 4
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761S265

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