New Issue: Morgan Stanley prices $34.4 million buffered jump securities on S&P 500

New York, March 28 – Morgan Stanley Finance LLC priced $34.4 million of 0% buffered jump securities due April 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 26.72%. Investors will receive par if the index finishes below its initial level but declines by 17% or less and will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500 index
Amount:	$34,403,000
Maturity:	April 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 26.72%; par if index declines by 17% or less; 1% loss for every 1% that index declines beyond 17%
Initial level:	5,218.19
Upside payment:	26.72%
Buffer:	17%
Pricing date:	March 25
Settlement date:	March 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61776LBZ9

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