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Morgan Stanley plans five-year trigger jump notes tied to S&P, Russell
By Susanna Moon
Chicago, Sept. 25 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due Oct. 4, 2022 linked to the worse performing of the S&P 500 index 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 closes at or above its 50% downside threshold, the payout at maturity will be par plus the greater of any index gain of the worse performing index and the upside payment of at least 18%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 29 and settle on Oct. 4.
The Cusip number is 61768CQL4.
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