New Issue: Morgan Stanley prices $1.9 million dual directional trigger jump securities on Russell

New York, Dec. 23 – Morgan Stanley Finance LLC priced $1.9 million of 0% dual directional trigger jump securities due Dec. 21, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout at maturity will be the greater of par plus the return and par plus 40%.

Investors will receive a 1% gain for each 1% loss in the underlying index if the index declines but finishes at or above the 85% downside threshold and will lose 1% for every 1% decline if the index ends below its downside threshold.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional trigger jump securities
Underlying index:	Russell 2000 index
Amount:	$1,896,000
Maturity:	Dec. 21, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is flat or positive, greater of par plus index return and par plus 40%; 1% gain for each 1% loss if index declines but ends at or above downside threshold; otherwise, full exposure to index decline from initial level
Initial level:	1,763.420
Upside payment:	40%
Downside threshold:	1,498.907, 85% of initial level
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	3.25%
Cusip:	61774TDT6

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