New Issue: Morgan Stanley sells $964,000 enhanced buffered jump securities on S&P, Russell

Chicago, Aug. 14 – Morgan Stanley Finance LLC priced $964,000 of 0% enhanced buffered jump securities due July 31, 2025 linked to the worst performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above the 80% downside threshold the payout at maturity will be par plus 14.5%.

Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond the 20% buffer.

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 indexes:	S&P 500 index and Russell 2000 index
Amount:	$964,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above downside threshold level, par plus 14.5%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20% buffer
Initial levels:	1,980.355 for Russell, 4,566.75 for S&P
Buffer levels:	1,584.284 for Russell, 3,653.40 for S&P, 80% of initial levels
Upside payment:	14.5%
Buffer:	20%
Pricing date:	July 26
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC
Fees:	2.6%
Cusip:	61775HFR3

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