E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/6/2018 in the Prospect News Structured Products Daily.

Morgan Stanley plans enhanced trigger jump securities linked to oil

New York, June 6 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due Aug. 13, 2019 linked to West Texas Intermediate light sweet crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final price is at least the downside threshold of 66.35% of the initial price, the payout at maturity will be par plus the fixed percentage of 10%.

Otherwise, investors will be fully exposed to the decline in the price of oil.

The final price will be the average of the settlement price per barrel on Aug. 2, 2019, Aug. 5, 2019, Aug. 6, 2019, Aug. 7, 2019 and Aug. 8, 2019.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 8 and settle on June 13.

The Cusip number is 61766YDB4.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.