New Issue: Morgan Stanley prices $500,000 trigger jump notes tied to Dow, S&P 500

By Susanna Moon

Chicago, Nov. 12 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger jump securities due May 2, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be the greater of the upside payment of $1,500 per $1,000 principal amount and the gain of the worse performing index.

If either index falls by up to its 70% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse 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:	Trigger jump securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$500,000
Maturity:	May 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of 50% and return of worse performing index; if either index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	24,442.92 for Dow, 2,641.25 for S&P
Trigger levels:	17,110.044 for Dow, 1,848.875 for S&P, 70%% of initial levels
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61768DHJ7

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