New Issue: Morgan Stanley sells $1.67 million enhanced trigger jump securities on indexes, ETF

By William Gullotti

Buffalo, N.Y., Dec. 20 – Morgan Stanley Finance LLC priced $1.67 million of 0% enhanced trigger jump securities due Dec. 17, 2026 linked to the performance of the Nasdaq-100 index, the iShares Russell 2000 Value ETF and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each underlier’s final level is greater than or equal to the downside threshold level, 60% of initial level, the payout at maturity will be par plus 25%. Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying assets:	Dow Jones industrial average, iShares Russell 2000 Value ETF, Nasdaq-100 index
Amount:	$1,673,000
Maturity:	Dec. 17, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier’s final level is greater than or equal to downside threshold level, par plus 25%; otherwise, 1% loss for every 1% that the worst performer declines from initial level
Initial levels:	$159.85 for ETF, 35,544.18 for Dow, 15,914.9 for Nasdaq
Downside thresholds:	$95.91 for ETF, 21,326.508 for Dow, 9,548.94 for Nasdaq; 60% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 17
Agent:	Morgan Stanley & Co. LLC
Fees:	3.625%
Cusip:	61773HQU6

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