New Issue: Morgan Stanley sells $1 million enhanced trigger jump securities on S&P, Russell

By Marisa Wong

Los Angeles, April 26 – Morgan Stanley Finance LLC priced $1 million of 0% enhanced trigger jump securities due Sept. 8, 2023 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.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its 60% downside threshold, the payout at maturity will be par plus the 14% upside payment.

Otherwise, investors will be fully exposed to the decline of the lesser performing index 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 indexes:	Russell 2000, S&P 500
Amount:	$1 million
Maturity:	Sept. 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its downside threshold, par plus 14%; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	2,146.924 for Russell, 3,768.47 for S&P
Downside thresholds:	1,288.154 for Russell, 2,261.082 for S&P; 60% of initial levels
Pricing date:	March 4
Settlement date:	March 9
Agent:	Morgan Stanley & Co. LLC
Fees:	0.7%
Cusip:	61771VBH2

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