New Issue: Morgan Stanley prices $1.05 million enhanced buffered jump securities on S&P, Russell

New York, April 4 – Morgan Stanley Finance LLC priced $1.05 million of 0% enhanced buffered jump securities due March 30, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes at or above the 80% downside threshold, the payout at maturity will be par plus 13%.

Otherwise, investors will lose 1% for every 1% decline of the worst performing index beyond 20%.

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 indexes:	S&P 500 index and Russell 2000 index
Amount:	$1.05 million
Maturity:	March 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus 13%; otherwise, 1% loss for every 1% decline in worst performing index below the downside threshold level
Initial levels:	2,074.163 for Russell 2000, 5,218.19 for S&P 500
Upside payment:	13%
Downside thresholds:	1,659.330 for Russell 2000, 4,174.552 for S&P 500, 80% of initial level
Buffer:	20%
Pricing date:	March 25
Settlement date:	March 28
Agent:	Morgan Stanley & Co. LLC
Fees:	2.6%
Cusip:	61771W3Y2

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