Morgan Stanley to price trigger jump notes on S&P, Dow industrials

New York, April 6 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due April 28, 2023 linked to the worst performing of the S&P 500 index and the Dow Jones Industrial average, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 50% to 55%. The exact upside payment will be set at pricing.

The payout will be par if either index declines but both end at or above their downside thresholds, 70% of their initial values.

Otherwise, investors will be fully exposed to the losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 61768CT80.

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