New Issue: Morgan Stanley sells $980,000 buffered jump securities tied to the Dow

By Marisa Wong

Morgantown, W.Va., July 11 – Morgan Stanley Finance LLC priced $980,000 of 0% buffered jump securities due June 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is positive or flat, the payout at maturity will be par plus the greater of the index return and 25%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	Dow Jones industrial average
Amount:	$980,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is positive or flat, par plus the greater of the index return and 25%; if the index declines by 15% or less, par; otherwise, 1% loss for every 1% index decline beyond 15%
Initial level:	21,310.66
Pricing date:	June 27
Settlement date:	June 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.75%
Cusip:	61768CKF3

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