New Issue: Morgan Stanley prices $350,000 enhanced trigger jump notes on Brent

By Emma Trincal

New York, March 3 – Morgan Stanley Finance LLC priced $350,000 of 0% enhanced trigger jump securities due March 27, 2024 linked to Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity gains or ends above the 60% downside threshold, the payout at maturity will be par plus 13.5%. Investors will lose 1% for every 1% that the commodity declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying commodity:	Brent crude oil futures contracts
Amount:	$350,000
Maturity:	March 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If commodity finishes at or above downside threshold level, par plus 13.5%; 1% loss for every 1% that commodity declines if it finishes below downside threshold level
Initial level:	$83.16
Upside payment:	13.5%
Downside threshold:	$49.896, 60% of initial level
Pricing date:	Feb. 24
Settlement date:	March 1
Agent:	Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	61774FBJ0

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