New Issue: Morgan Stanley prices $5.94 million enhanced trigger jump securities on S&P, Russell

By Taylor Fox

New York, Dec. 7 – Morgan Stanley Finance LLC priced $5.94 million of 0% enhanced trigger jump securities due Dec. 30, 2021 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 65% downside threshold, the payout at maturity will be par plus the 6.25% upside payment.

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, S&P 500
Amount:	$5,942,000
Maturity:	Dec. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its 65% downside threshold, par plus the 6.25% upside payment; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
Initial levels:	3,635.41 for S&P, 1,853.532 for Russell
Downside thresholds:	2,363.017 for S&P, 1,204.796 for Russell; 65% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61771ELD8

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