New Issue: Morgan Stanley prices $535,000 enhanced buffered jump notes on S&P

By Kiku Steinfeld

Chicago, March 29 – Morgan Stanley Finance LLC priced $535,000 of 0% enhanced buffered jump securities due June 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or ends above the 80% downside threshold the payout at maturity will be par plus 23.25%.

Investors will lose 1% for every 1% that the index declines beyond the 20% buffer amount.

The notes are guaranteed by Morgan Stanley.

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 index
Amount:	$535,000
Maturity:	June 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80%, par plus 23.25%; 1% loss for every 1% that index declines beyond 20%
Initial level:	3,963.51
Downside threshold:	3,170.808, 80% of initial level
Buffer level:	3,170.808, 80% of initial level
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774H6R4

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