New Issue: Morgan Stanley prices $1.77 million enhanced trigger jump notes on regional banking ETF

Chicago, May 19 – Morgan Stanley Finance LLC priced $1.77 million of 0% enhanced trigger jump securities due Nov. 15, 2024 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains or ends above the 80% downside threshold the payout at maturity will be par plus 28.5%. Investors will lose 1% for every 1% that the ETF declines if it finishes below the downside threshold level.

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 ETF:	SPDR S&P Regional Banking ETF
Amount:	$1,771,000
Maturity:	Nov. 15, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF finishes at or above downside threshold level, par plus 28.5%; 1% loss for every 1% that ETF declines if it finishes below downside threshold level
Initial level:	$36.37
Downside threshold:	$29.096, 80% of initial level
Upside payment:	28.5%
Pricing date:	May 12
Settlement date:	May 17
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61774XG80

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