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Morgan Stanley plans five-year trigger jump notes tied to Stoxx 50
By Susanna Moon
Chicago, May 18 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due June 2, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the index return and the upside payment of 70% to 75%.
If the index falls by up to 40%, the payout will be par.
If the index finishes below its 60% trigger level, investors will lose 1% per 1% decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 29 and settle on May 31.
The Cusip number is 61768C2L0.
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