Morgan Stanley to price trigger jump securities on index, ETF

By Sarah Lizee

Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due Nov. 23, 2021 linked to the worst performing of the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each asset closes at or above its initial level, the payout at maturity will be par plus 35% to 40%.

If the least-performing asset closes below its initial level but above 60% of its initial value, the payout will be par.

If the least performing asset falls by more than 40%, investors will have full exposure to its decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 18.

The Cusip number is 61771BCM4.

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