New Issue: Morgan Stanley prices $1 million enhanced buffered jump notes linked to S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – Morgan Stanley Finance LLC priced $1 million of 0% enhanced buffered jump securities due Nov. 19, 2021 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its downside threshold value, 90% of its initial level, the payout at maturity will be par plus 16.5%. If the final level of either index is less than its downside threshold value, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

The notes will be 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, Nasdaq-100 index
Amount:	$1 million
Maturity:	Nov. 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to downside threshold value, par plus 16.5%; if final level of either index is less than downside threshold value, 1% loss for every 1% that lesser-performing index declines beyond 10%
Initial levels:	3,483.81 for S&P, 11,852.17 for Nasdaq
Downside thresholds:	3,135.429 for S&P, 10,666.953 for Nasdaq, or 90% of initial levels
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61771EBT4

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