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

By Wendy Van Sickle

Columbus, Ohio, Aug. 7 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger jump securities due July 31, 2025 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 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 the return of the worst performing index and the upside payment of 37%.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the worst performing index.

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 indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$250,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus greater of return of worst performing index and 37%; if any index falls by up to 30%, par; otherwise, exposure to decline of worst performing index
Initial levels:	3,218.44 for S&P, 26,379.28 for Dow, 1,469.755 for Russell
Trigger levels:	2,252.908 for S&P, 18,465.496 for Dow, 1,028.829 for Russell; 70% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC
Fees:	4%
Cusip:	61771BRJ5

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