Morgan Stanley plans dual direction trigger jump notes on indexes

By Susanna Moon

Chicago, Aug. 10 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due Aug. 31, 2023 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the return of the worse performing index and the upside return of 38.5% to 40.5%.

If either index falls by up to its 70% trigger level, the payout will be par plus the absolute value of the index return of the worse performing index.

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.

The notes will price on Aug. 28.

The Cusip number is 61768DBY0.

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