Morgan Stanley eyes bearish trigger jump securities linked to S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 6 – Morgan Stanley Finance LLC plans to price 0% bearish trigger jump securities due Jan. 8, 2021 based on the inverse performance of the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index value is flat or below 90% of the initial level, the payout at maturity will be par plus 21%.

If the final index value is above 90% of the initial level but less than or equal to the initial value, the payout will be par.

If the final index value is greater than the initial value, investors will lose 1% for every 1% increase of the index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 7.

The Cusip number is 61771BE42.

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