New Issue: Morgan Stanley sells $1.92 million enhanced trigger jump notes on index, ETFs

By Sarah Lizee

Olympia, Wash., March 18 – Morgan Stanley Finance LLC priced $1.92 million of 0% enhanced trigger jump securities due March 26, 2020 linked to the worst performing of the Euro Stoxx Banks index, the SPDR S&P Oil & Gas Exploration & Production ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each asset finishes at or above 62% of its initial level, the payout at maturity will be par plus 10%.

If any asset finishes below 62% of its initial level, investors will be fully exposed to the decline of the least performing asset from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying assets:	Euro Stoxx Banks index, SPDR S&P Oil & Gas Exploration & Production ETF and iShares MSCI Emerging Markets ETF
Amount:	$1,924,000
Maturity:	March 26, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes at or above 62% of its initial level, par plus 10%; if any asset finishes below 62% of its initial level, full exposure to the decline of the least performing asset from its initial level
Initial levels:	95.71 for Stoxx Banks, $30.10 for oil ETF, $42.46 for EM ETF
Downside thresholds:	59.340 for Stoxx Banks, $18.662 for oil ETF, $26.325 for EM ETF; 62% of initial levels
Pricing date:	March 14
Settlement date:	March 19
Agent:	Morgan Stanley & Co. LLC
Fees:	0.76%
Cusip:	61768D2N4

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