New Issue: Morgan Stanley prices $2.33 million enhanced buffered jump notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 20 – Morgan Stanley Finance LLC priced $2.33 million of 0% enhanced buffered jump securities due March 17, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above the 90% downside threshold, the payout at maturity will be par plus the greater of 20% and the return of the laggard index, subject to a 30% maximum return.

Otherwise, investors will be exposed to any decline of the worse performing index beyond 10%.

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, Russell 2000
Amount:	$2,325,000
Maturity:	March 17, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 90% downside threshold, par plus greater of 20% and return of laggard index, subject to 30% maximum return; otherwise, 1% loss per 1% decline of worse performer beyond 10%
Initial levels:	2,808.48 for S&P and 1,549.635 for Russell
Downside thresholds:	2,527.632 for S&P and 1,394.672 for Russell, 90% of initial levels
Pricing date:	March 14
Settlement date:	March 19
Agent:	Morgan Stanley & Co. LLC
Fees:	3.1%
Cusip:	61768D3H6

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