New Issue: Morgan Stanley sells $4 million enhanced buffered jump notes tied to three indexes

By William Gullotti

Buffalo, N.Y., May 11 – Morgan Stanley Finance LLC priced $4 million of 0% enhanced buffered jump securities due June 8, 2023 linked to the performance of the S&P 500 index, the Nasdaq-100 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 the 75% downside threshold, the payout at maturity will be par plus the fixed upside payment of 7.5%.

Otherwise, investors will be exposed to the decline of the worst performer beyond 25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$4 million
Maturity:	June 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 75% downside threshold, par plus 7.5%; otherwise, 1% loss per 1% decline of worst performer beyond 25%
Initial levels:	4,300.17 for S&P, 13,535.71 for Nasdaq, 1,949.923 for Russell
Downside thresholds:	3,225.128 for S&P, 10,151.783 for Nasdaq, 1,462.442 for Russell; 75% of initial levels
Strike date:	May 4
Pricing date:	May 6
Settlement date:	May 11
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774DBE6

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