Morgan Stanley plans dual directional trigger jump notes on Dow, Russell

By Sarah Lizee

Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due May 22, 2025 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the lesser-performing index and 15% to 25%.

If either index finishes below its initial level but each index finishes at or above its downside threshold level, 70% of its initial level, the payout will be par plus the absolute value of the return of the lesser-performing index.

If either index finishes below the downside threshold level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 18.

The Cusip number is 61771BAN4.

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