By Susanna Moon
Chicago, Dec. 28 – Morgan Stanley Finance LLC priced $929,000 of 0% enhanced buffered jump securities due June 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the fixed upside payment of 19.15%.
Otherwise, investors will be exposed to any losses beyond 20%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced buffered jump securities
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Underlying index: | Russell 2000
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Amount: | $929,000
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Maturity: | June 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 80% downside threshold, par plus 19.15%; otherwise, 1% loss per 1% decline beyond 20%
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Initial level: | 1,362.659
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61768CCL9
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