New Issue: Morgan Stanley prices $4 million trigger jump securities linked to S&P 500

Chicago, June 29 – Morgan Stanley Finance LLC priced $4 million of 0% trigger jump securities due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 19.4%. Investors will receive par if the index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger 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 index:	S&P 500 index
Amount:	$4 million
Maturity:	April 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 19.4%; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
Initial level:	4,179.83
Trigger:	3,134.873, 75% of initial level
Upside payment:	19.4%
Pricing date:	May 31
Settlement date:	June 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61774XX81

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