New Issue: Morgan Stanley prices $585,000 enhanced trigger jump notes tied to S&P, oil fund

By Susanna Moon

Chicago, Nov. 28 – Morgan Stanley Finance LLC priced $585,000 of 0% enhanced trigger jump securities due May 12, 2020 linked to the worst performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset finishes at or above its 70% downside threshold, the payout at maturity will be par plus the upside payment of $152.50 per $1,000 principal amount.

Otherwise, investors will receive par plus the return of the worse performing index or fund.

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 assets:	S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$585,000
Maturity:	May 12, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If each asset closes at or above 70% threshold, par plus 15.25%; otherwise, 1% loss per 1% decline of worse performing index or fund
Initial levels:	2,813.89 for S&P and $37.82 for oil fund
Trigger levels:	1,969.723 for S&P and $26.474 for oil fund, 70% of initial levels
Pricing date:	Nov. 7
Settlement date:	Nov. 13
Underwriter:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61768DQX6

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