Published on 2/6/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 enhanced trigger jump notes on indexes
By Tali Rackner
Minneapolis, Feb. 6 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced trigger jump securities due Jan. 31, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the greater of the index gain and the upside payment of 24.25%.
Otherwise, investors will be fully exposed to any losses of the lesser-performing index.
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: | S&P 500 index, Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Jan. 31, 2023
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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 the greater of the index gain or 24.25%; otherwise, par plus return of lesser-performing index
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| Initial levels: | 2,872.87 for S&P, 1,608.058 for Russell
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| Downside thresholds: | 2,011.009 for S&P, 1,125.641 for Russell; 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CXX0
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