By Susanna Moon
Chicago, Jan. 3 – Morgan Stanley Finance LLC priced $8.28 million of 0% trigger jump securities due Jan. 3, 2020 linked to the Russell 2000 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 the upside return of 32.25%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 00% trigger level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as a dealer.
The notes are guaranteed by Morgan Stanley.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger jump securities
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| Underlying index: | Russell 2000 index
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| Amount: | $8,275,700
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| Maturity: | Jan. 3, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus 32.25%; par if index falls by 10% or less; full exposure to any losses if index finishes below trigger level
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| Initial level: | 1,371.51
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| Trigger level: | 1,234.359, 90% of initial level
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Underwriter: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 61766F797
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