New Issue: Morgan Stanley prices $14.67 million enhanced trigger jump notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 7 – Morgan Stanley priced $14.67 million of 0% enhanced trigger jump securities due Sept. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the downside threshold value, 85% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed percentage of 12%.

If the final index level is less than the downside threshold value, investors will be fully exposed to the index's decline from the initial level.

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

Issuer:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying index:	S&P 500
Amount:	$14,673,500
Maturity:	Sept. 4, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at or above downside threshold level, par plus greater of index return and 12%; if final index level is below downside threshold level, full exposure to losses from initial index level
Initial level:	2,076.78
Downside threshold:	1,765.263, 85% of initial level
Pricing date:	July 2
Settlement date:	July 8
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	61765G572

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