New Issue: Morgan Stanley prices $1.28 million enhanced buffered jump notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 6 – Morgan Stanley Finance LLC priced $1.28 million of 0% enhanced buffered jump securities due May 5, 2021 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its downside threshold value, 90% of its initial level, the payout at maturity will be par plus 11%. If the final level of either index is less than its downside threshold value, investors will lose 1% for every 1% that the least-performing index declines beyond 10%.

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 indexes:	Dow Jones industrial average, S&P 500
Amount:	$1,279,000
Maturity:	May 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than or equal to its downside threshold value, par plus 11%; if the final level of either index is less than its downside threshold value, 1% loss for every 1% that the least-performing index declines beyond 10%
Initial levels:	24,633.86 for Dow, 2,939.51 for S&P 500
Downside thresholds:	22,170.474 for Dow, 2,645.559 for S&P 500, or 90% of initial levels
Pricing date:	April 28
Settlement date:	May 1
Agent:	Morgan Stanley & Co. LLC
Fees:	0.375%
Cusip:	61770FS49

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