New Issue: Morgan Stanley prices $9.3 million enhanced trigger jump notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Morgan Stanley Finance LLC priced $9.3 million of 0% enhanced trigger jump securities due April 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than or equal to the downside threshold level, 80% of the initial index level, the payout at maturity will be par plus 10%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying index:	S&P 500
Amount:	$9,303,000
Maturity:	April 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to downside threshold level, par plus 10%; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	2,596.26
Downside threshold:	2,077.008, 80% of initial level
Final index level:	Average of index’s closing levels on five trading days ending April 13, 2020
Pricing date:	Jan. 11
Settlement date:	Jan. 16
Agent:	Morgan Stanley & Co. LLC
Fees:	1.12%
Cusip:	61768DYH2

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