New Issue: Morgan Stanley prices $378,000 trigger jump securities on index, ETF

By William Gullotti

Buffalo, N.Y., June 1 – Morgan Stanley Finance LLC priced $378,000 of 0% trigger jump securities due May 6, 2024 linked to the least performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the worst performer and the upside payment of 20%.

If any underlying falls by up to 70%, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the worst performing underlier.

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 assets:	iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:	$378,000
Maturity:	May 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above initial level, par plus greater of return of worst performer and 20%; if any underlying falls by up to 30%, par; otherwise, exposure to decline of worst performer
Initial levels:	$78.11 for ETF, 3,974.74 for Stoxx
Downside threshold levels:	$54.677 for ETF, 2,782.318 for Stoxx; 70% of initial levels
Pricing date:	April 30
Settlement date:	May 5
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61771VRT9

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