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Published on 1/2/2021 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $250,000 enhanced trigger jump securities on Dow, Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Morgan Stanley Finance LLC priced $250,000 of 0% enhanced trigger jump securities due Dec. 26, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% downside threshold level, the payout at maturity will be par plus 25%. Otherwise, investors will be fully exposed to the losses of the worst-performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced trigger jump securities
Underlying indexes:Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:$250,000
Maturity:Dec. 26, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above downside threshold level, par plus 25%; otherwise, par exposure to decline of worst-performing index
Initial levels:1,970.329 for Russell, 30,216.45 for Dow, 12,690.26 for Nasdaq
Downside threshold levels:1,379.23 for Russell, 21,151.515 for Dow, 8,883.182 for Nasdaq; 70% of initial level
Pricing date:Dec. 21
Settlement date:Dec. 24
Agent:Morgan Stanley & Co. LLC
Fees:3.75%
Cusip:61771ESA7

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