New Issue: Morgan Stanley sells $1.24 million outperformance jump securities on two indexes

By Sarah Lizee

Olympia, Wash., Aug. 20 – Morgan Stanley Finance LLC priced $1.24 million of 0% outperformance jump securities due Aug. 27, 2020 linked to the performance of the Tokyo Stock Price index relative to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The guarantor is Morgan Stanley.

If the Tokyo Stock Price return is greater than or equal to the S&P 500 return, the payout at maturity will be par of $10 plus 12.65%.

If the Tokyo Stock Price return is less than the S&P 500 return, the payout will be equal to the outperformance return, which is the Tokyo Stock Price return minus the S&P 500 return. In this case, the payout will be less than par.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Outperformance jump securities
Underlyings:	Tokyo Stock Price index relative to the S&P 500 index
Amount:	$1,242,780
Maturity:	Aug. 27, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If the Tokyo Stock Price return is greater than or equal to the S&P 500 return, par plus 12.65%; if the Tokyo Stock Price return is less than the S&P 500 return, Tokyo Stock Price return minus the S&P 500 return, in which case the payout will be less than par
Initial prices:	1,485.29 for Topix, 2,888.68 for S&P
Pricing date:	Aug. 16
Settlement date:	Aug. 21
Agent:	Morgan Stanley & Co. LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	61769Q451

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