New Issue: Morgan Stanley prices $3.03 million enhanced trigger jump securities on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, May 5 – Morgan Stanley Finance LLC priced $3.03 million of 0% enhanced trigger jump securities due June 3, 2021 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the upside payment of 13%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$3,025,000
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index ends at or above downside threshold, par plus 13%; otherwise, par plus return of worst performing index
Initial levels:	2,863.39 for S&P, 24,101.55 for Dow
Trigger levels:	2,147.543 for S&P, 18,076.163 for Dow, or 75% of initial levels
Pricing date:	April 29
Settlement date:	May 4
Agent:	Morgan Stanley & Co. LLC
Fees:	0.15%
Cusip:	61771BBY9

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