New Issue: Morgan Stanley sells $3.92 million buffered jump securities on EM ETF

By Marisa Wong

Morgantown, W.Va., Sept. 15 – Morgan Stanley Finance LLC priced $3.92 million of 0% buffered jump securities due March 10, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the fund gains or finishes flat, the payout at maturity will be par plus 19.35%. If the fund declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$3.92 million
Maturity:	March 10, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the fund return is positive or zero, par plus 19.35%; if the fund declines by 10% or less, par; otherwise, 1% loss for every 1% fund decline beyond 10%
Initial price:	$44.57
Pricing date:	Sept. 5
Settlement date:	Sept. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61766X863

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