By Emma Trincal
New York, Dec. 8 – Morgan Stanley Finance LLC priced $3.49 million of 0% enhanced trigger jump securities due December 21, 2022 linked to the performance of the Brent Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 70% barrier level, the payout at maturity will be par plus 16.4%. Otherwise, investors will lose 1% for every 1% decline from the commodity’s initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the distributor with J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. as the placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying commodity: | Brent Crude Oil Futures Contracts
|
| Amount: | $3.49 million
|
| Maturity: | Dec. 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above barrier level, par plus 16.4%; otherwise, 1% loss for every 1% of commodity decline from initial level
|
| Initial level: | $69.97
|
| Barrier level: | $48.769; 70% of initial level
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 8
|
| Agents: | Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A
|
| Fees: | 1%
|
| Cusip: | 61773FES8
|
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