New Issue: Morgan Stanley sells $20 million enhanced trigger jump securities on stocks

By Wendy Van Sickle

Columbus, Ohio, May 28 – Morgan Stanley Finance LLC priced $20 million of 0% enhanced trigger jump securities due June 7, 2022 linked to the least performing of the common stocks of Carnival Corp. and Wynn Resorts, Ltd. and the class A common stock of Lyft, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial level, the payout at maturity will be par plus 21.3%. If any stock falls but each stock finishes at or above the 60% downside threshold level, the payout will be par. Otherwise, investors will be fully exposed to the losses of the worst-performing stock.

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 stocks:	Wynn Resorts, Ltd., Lyft, Inc. and Carnival Corp.
Amount:	$20 million
Maturity:	June 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above initial level, par plus 21.3%; if any stock falls but each stock finishes above downside threshold level, par; otherwise, exposure to decline of worst-performing stock
Initial levels:	$27.53 for Carnival, $126.63 for Wynn and $51.96 for Lyft
Downside threshold levels:	$16.518 for Carnival, $75.978 for Wynn and $31.176 for Lyft; 60% of initial level
Pricing date:	May 21
Settlement date:	May 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.4%
Cusip:	61771V2K5

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