New Issue: Morgan Stanley prices $5.43 million trigger jump notes on indexes

By Kiku Steinfeld

Chicago, Dec. 17 – Morgan Stanley Finance LLC priced $5.43 million of 0% trigger jump securities due Nov. 18, 2022 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus 39%.

If the least performing index falls but finishes at or above the trigger level, 70% of the initial index level, the payout will be par.

If any index finishes below the trigger level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger jump securities
Underlying indexes:	S&P 500, Russell 2000, Dow Jones industrial average
Amount:	$5,428,000
Maturity:	Nov. 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 39%; if any index falls but each index finishes at or above trigger level, par; if any index finishes below trigger level, 1% loss for every 1% that least-performing index declines from initial level
Initial levels:	28,004.89 for Dow, 1,596.454 for Russell, 3,120.46 for S&P
Trigger/downside threshold levels:	19,603.423 for Dow, 1,117.518 for Russell, 2,184.322 for S&P, 70% of initial levels
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61769HS22

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