Morgan Stanley plans dual directional jump notes tied to S&P 500

By Susanna Moon

Chicago, April 9 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due May 3, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside return of 36.1%.

If the index falls by up to its 80% trigger level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on April 30.

The Cusip number is 61768P686.

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