New Issue: Morgan Stanley prices $4.14 million trigger jump notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., June 3 – Morgan Stanley priced $4.14 million of 0% trigger jump securities due June 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside return of 35%.

Investors will receive par if the index falls by up to 40% and will be fully exposed to the index decline from its initial level if it falls by more than 40%.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying index:	S&P 500
Amount:	$4,144,100
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of return and 35%; par if index falls by 40% or less; full exposure to losses from initial level if index finishes below downside threshold
Initial index level:	2,107.39
Downside threshold:	1,264.434, 60% of initial level
Pricing date:	May 29
Settlement date:	June 3
Underwriter:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	61764V802

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