New Issue: Morgan Stanley prices $60 million enhanced buffered jump notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 24 – Morgan Stanley Finance LLC priced $60 million of 0% enhanced buffered jump securities due July 24, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

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 plus 10.3%. If the final index level is less than the downside threshold value, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

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
Amount:	$60 million
Maturity:	July 24, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to downside threshold value, par plus 10.3%; if final index level is less than downside threshold value, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,473.83 (closing level on July 19)
Downside threshold:	2,102.756, 85% of initial index level
Pricing date:	July 20
Settlement date:	July 24
Agent:	Morgan Stanley & Co. LLC
Fees:	0.1%
Cusip:	61768CMT1

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