New Issue: Morgan Stanley sells $250,000 enhanced trigger jump notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., July 9 – Morgan Stanley Finance LLC priced $250,000 of 0% enhanced trigger jump securities due Aug. 6, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the indexes never close below their 70% trigger levels on any trading day during the life of the notes, the payout at maturity will equal par of $10 plus 7%.

Otherwise, investors will have full exposure to the performance of the lesser performing index, subject to a maximum payout of par.

Morgan Stanley & Co. LLC is the agent.

The notes are guaranteed by Morgan Stanley.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$250,000
Maturity:	Aug. 6, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the indexes never close below their trigger levels on any trading day during the life of the notes, par of $10 plus 7%; otherwise, investors will have full exposure to the performance of the lesser performing index, subject to a maximum payout of par
Initial levels:	2,995.82 for S&P, 1,572.122 for Russell
Trigger levels:	2,097.074 for S&P, 1,100.485 for Russell; 70% of initial levels
Pricing date:	July 3
Settlement date:	July 9
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61769HJX4

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