New Issue: Morgan Stanley prices $250,000 trigger jump securities on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 3 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger jump securities due March 20, 2025 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of 56% and the return of the lesser performing index.

If either index falls but not by more than 30%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lesser performing index 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:	Enhanced trigger jump securities
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$250,000
Maturity:	March 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the greater of 56% and the return of the lesser performing index; if either index falls but not by more than 30%, par; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
Initial levels:	2,630.07 for S&P, 1,180.32 for Russell
Downside thresholds:	1,841.05 for S&P, 826.22 for Russell, 70% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	Morgan Stanley & Co. LLC
Fees:	3.625%
Cusip:	61770FPF7

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