New Issue: Morgan Stanley sells $4.44 million trigger jump securities tied to financial stock basket

By William Gullotti

Buffalo, N.Y., May 11 – Morgan Stanley Finance LLC priced $4.44 million of 0% Trigger jump securities due May 29, 2024 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Bank of America Corp., Goldman Sachs Group, Inc. and Citigroup Inc.

If the basket return is flat or positive, the payout at maturity will be par plus 19.5%.

If the basket falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger jump securities
Underlying basket:	Bank of America Corp., Goldman Sachs Group, Inc., Citigroup Inc.; equal weights
Amount:	$4,437,000
Maturity:	May 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes flat or positive, par plus 19.5%; if basket falls by no more than 10%, par; otherwise, 1% loss for every 1% decline from initial level
Initial levels:	$27.71 for BofA, $327.02 for Goldman Sachs, $46.32 for JPMorgan
Pricing date:	May 5
Settlement date:	May 10
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774XXD0

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