Published on 1/2/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $629,000 enhanced trigger jump notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Morgan Stanley Finance LLC priced $629,000 of 0% enhanced trigger jump securities due Dec. 27, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the upside payment of 25%.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Morgan Stanley.
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 trigger jump securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $629,000
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| Maturity: | Dec. 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index ends at or above downside threshold, par plus 25%; otherwise, par plus return of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first, second, third and final dates
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| Initial levels: | 1,547.107 for Russell, 2,684.57for S&P
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| Triggers: | 1,082.975 for Russell, 1,879.199 for S&P; 70% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CVA2
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