Morgan Stanley eyes dual directional trigger jump notes on indexes

By Sarah Lizee

Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due May 22, 2025 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the least performing index finishes at or above its initial index level, the payout at maturity will be par plus the greater of the return of the worst performer and 25% to 35%.

If the final index level of the worst performer declines, but not below 70% of its initial level, the payout will be par plus the absolute value of the index return of the worst performer.

If the lesser performing index finishes below the downside threshold value, investors will lose 1% for every 1% that the least performing index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 18.

The Cusip number is 61771BCP7.

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