New Issue: Morgan Stanley prices $270,000 enhanced trigger jump securities linked to Microsoft

By Sarah Lizee

Olympia, Wash., Feb. 27 – Morgan Stanley Finance LLC priced $270,000 of 0% enhanced trigger jump securities due March 10, 2021 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final stock level is greater than or equal to the downside threshold level, 80% of the initial stock level, the payout at maturity will be par plus 8%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying stock:	Microsoft Corp.
Amount:	$270,000
Maturity:	March 10, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final stock level is greater than or equal to downside threshold level, par plus 8%; otherwise, 1% loss for every 1% that stock declines from initial level
Initial stock level:	$178.59
Downside threshold:	$142.872, 80% of initial level
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	61770FMB9

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