New Issue: Morgan Stanley sells $8.25 million jump securities on S&P

Chicago, March 25 – Morgan Stanley Finance LLC priced $8.25 million of 0% jump securities due May 5, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

At maturity, if the index finishes above its initial level, the payout will be par of $10 plus 13%.

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

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities
Underlying index:	S&P 500 index
Amount:	$8,249,000
Maturity:	May 5, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above its initial level, par of $10 plus 13%; otherwise, investors lose 1% for each 1% decline from the initial level
Initial level:	3,773.86
Pricing date:	Feb. 1
Settlement date:	Feb. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61771J735

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