New Issue: Morgan Stanley prices $23.3 million trigger jump securities tied to Tokyo Stock Price

New York, Dec. 5 – Morgan Stanley Finance LLC priced $23.3 million of 0% trigger jump securities due Dec. 4, 2028 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is zero or positive, the payout at maturity will be par plus the greater of the index return and 70%.

Investors will receive par if the index declines but finishes at or above the 60% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.

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 index:	Tokyo Stock Price index
Amount:	$23,297,000
Maturity:	Dec. 4, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 70%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	2,364.50
Upside payment:	70%
Trigger:	1,418.70, 60% of initial level
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5% including a structuring fee of 0.5%
Cusip:	61775MD52

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