New Issue: Morgan Stanley sells $4.48 million enhanced buffered jump notes tied to indexes, ETF

By William Gullotti

Buffalo, N.Y., Nov. 23 – Morgan Stanley Finance LLC priced $4.48 million of 0% enhanced buffered jump securities due Dec. 8, 2022 linked to the performance of the iShares MSCI Emerging Markets ETF, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each underlier finishes at or above the 85% downside threshold, the payout at maturity will be par plus the fixed upside payment of 8.4%.

Otherwise, investors will be exposed to the decline of the worst performer beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underliers:	iShares MSCI Emerging Markets ETF, S&P 500 index, Russell 2000 index
Amount:	$4,478,000
Maturity:	Dec. 8, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above 85% downside threshold, par plus 8.4%; otherwise, 1% loss per 1% decline of worst performer beyond 15%
Initial levels:	$50.92 for ETF, 4,697.53 for S&P, 2,437.083 for Russell
Downside thresholds:	$43.282 for ETF, 3,992.901 for S&P, 2,071.521 for Russell; 85% of initial levels
Strike date:	Nov. 5
Pricing date:	Nov. 8
Settlement date:	Nov. 12
Agent:	Morgan Stanley & Co. LLC
Fees:	0.22%
Cusip:	61773HFP9

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