New Issue: Morgan Stanley prices $2.5 million enhanced buffered jump notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 23 – Morgan Stanley Finance LLC priced $2.5 million of 0% enhanced buffered jump securities due March 19, 2020 linked to the worse performing of 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 index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the fixed upside payment of 17.9%.

Otherwise, investors will be exposed to any decline of the worse performing index beyond 20%.

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, Russell 2000
Amount:	$2.5 million
Maturity:	March 19, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 80% downside threshold, par plus 17.9%; otherwise, 1% loss per 1% decline of worse performer beyond 20%
Initial levels:	2,378.25 for S&P and 1,391.524 for Russell
Downside thresholds:	1,902.60 for S&P and 1,113.219 for Russell
Pricing date:	March 17
Settlement date:	March 22
Agent:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61766V727

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