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Morgan Stanley plans dual directional trigger jump notes linked to S&P
By Angela McDaniels
Tacoma, Wash., July 30 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due Aug. 5, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 19.25%.
If the index falls but finishes at or above the trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes below the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price July 31.
The Cusip number is 61769HMV4.
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