New Issue: Morgan Stanley prices $2.93 million trigger jump securities on index, ETF

New York, March 8 – Morgan Stanley Finance LLC priced $2.93 million of 0% trigger jump securities due March 1, 2029 linked to the S&P 500 Equal Weight index and the SPDR S&P MidCap 400 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing asset is zero or positive, the payout at maturity will be par plus the greater of that asset's return and 46.43%.

Investors will receive par if the worst performing asset declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the worst performing asset declines if it finishes below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger jump securities
Underlying assets:	S&P 500 Equal Weight index and SPDR S&P MidCap 400 ETF
Amount:	$2,933,000
Maturity:	March 1, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing asset is zero or positive, par plus greater of return of worst performer and 46.43%; par if worst performing asset declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
Initial levels:	$521.43 for SPDR S&P MidCap 400 ETF, 6,533.29 for S&P 500 Equal Weight
Upside payment:	46.43%
Triggers:	$417.144 for SPDR S&P MidCap 400 ETF, 5,226.632 for S&P 500 Equal Weight, 80% of initial levels
Pricing date:	Feb. 26
Settlement date:	Feb. 29
Agent:	Morgan Stanley & Co. LLC
Fees:	3.25%
Cusip:	61771WD70

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