New Issue: Morgan Stanley prices $3.17 million trigger jump securities on Dow, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Feb. 4 – Morgan Stanley Finance LLC priced $3.17 million of 0% trigger jump securities due Feb. 4, 2027 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the least performing index and the upside payment of 55%.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger jump securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$3,174,000
Maturity:	Feb. 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus greater of return of least performing index and 55%; if any index falls by up to 30%, par; otherwise, full exposure to decline of worst performing index from initial level
Initial levels:	2,028.453 for Russell, 35,131.86 for Dow, 14,930.05 for Nasdaq
Downside threshold levels:	1,419.917 for Russell, 24,592.302 for Dow, 10,451.035 for Nasdaq; 70% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773HWS4

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