New Issue: Morgan Stanley sells $3.63 million enhanced trigger jump notes linked to iShares

By Taylor Fox

New York, Aug. 12 – Morgan Stanley Finance LLC priced $3.63 million of 0% enhanced trigger jump securities due Aug. 25, 2021 linked to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than or equal to the downside threshold level, 70% of the initial index level, the payout at maturity will be par plus 14.3%. Otherwise, investors will lose 1% for every 1% that the index declines 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 index:	iShares Silver Trust
Amount:	$3,625,000
Maturity:	Aug. 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the downside threshold level, 70% of the initial index level, the payout at maturity will be par plus 14.3%; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
Initial level:	$26.19
Downside threshold:	$18.333, 70% of initial level
Pricing date:	Aug. 7
Settlement date:	Aug. 12
Agent:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61771BE26

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