New Issue: Morgan Stanley prices $1 million trigger jump securities linked to Dow, S&P

New York, June 27 – Morgan Stanley Finance LLC priced $1 million of 0% trigger jump securities due June 26, 2025 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is flat or positive, the payout at maturity will be par plus 41.25%.

Investors will receive par if the worst performing index declines but finishes at or above the trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes below the trigger 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:	Dow Jones industrial average and S&P 500 index
Amount:	$1 million
Maturity:	June 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is flat or positive, par plus 41.25%; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:	30,483.13 for Dow Jones industrial average, 3,759.89 for S&P 500
Upside payment:	41.25%
Trigger:	24,386.504 for Dow Jones industrial average, 3,007.912 for S&P 500, 80% of initial level
Pricing date:	June 22
Settlement date:	June 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774DTJ6

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