New Issue: Morgan Stanley prices $3.23 million buffered jump securities on indexes

By Taylor Fox

New York, March 19 – Morgan Stanley Finance LLC priced $3.23 million of 0% buffered jump securities due March 13, 2023 linked to the worse performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the upside payment of 20% and the gain of the worse performing index.

If any index falls by up to 10% of its initial level, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the lesser-performing underlying index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities
Underlying indexes:	Nasdaq-100 index, S&P 500, Russell 2000
Amount:	$3,226,000
Maturity:	March 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of 20% and gain of worse performing index; if either index falls by up to 10%, par; otherwise, 1% loss per every 1% decline of worse performing index beyond 10%
Initial levels:	12,299.08 for Nasdaq, 2,202.985 for Russell, 3,821.35 for S&P
Buffer levels:	11,069.172 for Nasdaq, 1,982.687 for Russell, 3,439.215 for S&P; 90% of initial levels
Pricing date:	March 8
Settlement date:	March 11
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61771VHZ6

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