New Issue: Morgan Stanley prices $1.54 million trigger jump securities linked to Russell 2000

New York, July 20 – Morgan Stanley Finance LLC priced $1.54 million of 0% trigger jump securities due July 20, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus the greater of the index return and 45%.

Investors will receive par if the index declines but finishes at or above the trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger 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 index:	Russell 2000 index
Amount:	$1,535,000
Maturity:	July 20, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of index return and 45%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	1,744.373
Upside payment:	45%
Trigger:	1,221.061, 70% of initial level
Pricing date:	July 15
Settlement date:	July 20
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774DYS0

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