New Issue: Morgan Stanley prices $2.01 million trigger jump securities on Russell, Dow

By William Gullotti

Buffalo, N.Y., Oct. 15 – Morgan Stanley Finance LLC priced $2.01 million of 0% trigger jump securities due Jan. 28, 2027 linked to the least performing of 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 35%.

If any index falls by up to 75%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst 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:	Trigger jump securities
Underlying indexes:	Dow Jones industrial average and Russell 2000 index
Amount:	$2,011,000
Maturity:	Jan. 28, 2027
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 35%; if any index falls by up to 25%, par; otherwise, exposure to decline of worst performing index from its initial level
Initial levels:	35,061.55 for Dow, 2,209.649 for Russell
Downside threshold levels:	26,296.163 for Dow, 1,657.237 for Russell; 75% of initial level
Pricing date:	July 23
Settlement date:	July 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61773FDZ3

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