New Issue: Morgan Stanley prices $1.5 million enhanced buffered jump securities on S&P 500

New York, July 6 – Morgan Stanley Finance LLC priced $1.5 million of 0% enhanced buffered jump securities due July 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% downside threshold, the payout at maturity will be par plus 41.5%.

Investors will lose 1% for every 1% that the index declines beyond the 15% buffer amount.

The notes are 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 index:	S&P 500 index
Amount:	$1,496,000
Maturity:	July 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above downside threshold level, par plus 41.5%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	3,900.11
Upside payment:	41.5%
Downside threshold:	3,315.094, 85% of initial level
Buffer:	15%
Pricing date:	June 27
Settlement date:	June 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.3%
Cusip:	61774DLM7

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