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Published on 10/31/2019 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $785,000 enhanced buffered jump notes tied to ETF, EAFE

Chicago, Oct. 31 – Morgan Stanley Finance LLC priced $785,000 of 0% enhanced buffered jump securities due Oct. 25, 2022 linked to the lesser performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each underlier finishes at or above the 75% downside threshold, the payout at maturity will be par plus the fixed upside payment of 32%.

Otherwise, investors will be exposed to any decline of the worse performing underlier beyond 25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced buffered jump securities
Underliers:SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the MSCI EAFE index
Amount:$785,000
Maturity:Oct. 25, 2022
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above 75% downside threshold, par plus 32%; otherwise, 1% loss per 1% decline of worse performer beyond 25%
Initial levels:$20.56 for ETF and 1,920.09 for index
Downside thresholds:$15.42 for ETF and 1,440.068 for index, 75% of initial levels
Pricing date:Oct. 18
Settlement date:Oct. 25
Agent:Morgan Stanley & Co. LLC
Fees:None
Cusip:61769HZL2

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