New Issue: Morgan Stanley sells $1.11 million enhanced buffered jump notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., July 10 – Morgan Stanley Finance LLC priced $1.11 million of 0% enhanced buffered jump securities due Dec. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the fixed upside payment of 17%.

Otherwise, investors will be exposed to any losses beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying index:	Russell 2000
Amount:	$1,105,000
Maturity:	Dec. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% downside threshold, par plus 17%; otherwise, 1% loss per 1% decline beyond 20%
Initial level:	1,403.522
Downside threshold:	1,122.818, 80% of initial level
Pricing date:	June 27
Settlement date:	June 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61768CKK2

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