New Issue: Morgan Stanley prices $12.1 million enhanced trigger jump notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Morgan Stanley priced $12.1 million of 0% enhanced trigger jump securities due Nov. 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 65% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 27.25%. If the final index level is less than 65% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying index:	S&P 500
Amount:	$12,097,980
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to trigger level, par plus greater of index return and 27.25%; if final index level is less than trigger level, full exposure to index’s decline from initial level
Initial index level:	2,079.36
Trigger level:	1,351.584, 65% of initial level
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61765R677

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