New Issue: Morgan Stanley prices $1.1 million enhanced buffered jump securities on indexes, ETF

New York, March 27 – Morgan Stanley Finance LLC priced $1.1 million of 0% enhanced buffered jump securities due April 2, 2025 linked to the Utilities Select Sector SPDR Fund, the Russell 1000 Growth index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset finishes at or above the 75% downside threshold, the payout at maturity will be par plus 8.05%.

Otherwise, investors will lose 1.3333% for every 1% decline of the worst performing asset beyond 25%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying assets:	Utilities Select Sector SPDR Fund, Russell 1000 Growth index and Russell 2000 index
Amount:	$1,098,000
Maturity:	April 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above downside threshold level, par plus 8.05%; otherwise, 1.3333% loss for every 1% decline in worst performing asset below downside threshold
Initial levels:	3,407.368 for Russell 1000 Growth, 2,074.880 for Russell 2000, $63.87 for Utilities Select Sector SPDR Fund
Upside payment:	8.05%
Downside thresholds:	2,555.526 for Russell 1000 Growth, 1,556.160 for Russell 2000, $47.903 for Utilities Select Sector SPDR Fund, 75% of initial levels
Buffer:	25%
Pricing date:	March 20
Settlement date:	March 25
Agent:	Morgan Stanley & Co. LLC
Fees:	0.3%
Cusip:	61776LEN3

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