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Published on 8/19/2019 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $599,000 enhanced trigger jump notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Aug. 19 – Morgan Stanley Finance LLC priced $599,000 of 0% enhanced trigger jump securities due Aug. 19, 2024 tied to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 60% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain of the worse performing index and the fixed return of $235 per $1,000 of notes.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes are guaranteed by Morgan Stanley.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced trigger jump securities
Underlying indexes:S&P 500, Russell 2000
Amount:$599,000
Maturity:Aug. 19, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above trigger level, par plus the greater of any gain of the worse performing index and the fixed return of $235 per $1,000 of notes; otherwise, investors will lose 1% for each 1% decline of the worse performing index
Initial levels:2,840.60 for S&P, 1,467.522 for Russell
Trigger levels:1,704.36 for S&P, 880.513 for Russell; 60% of initial levels
Pricing date:Aug. 14
Settlement date:Aug. 19
Agent:Morgan Stanley & Co. LLC
Fees:0.5%
Cusip:61769HQS7

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