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Morgan Stanley to price enhanced trigger jump notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Sept. 16 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due March 29, 2021 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus at least 9.5%.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 20.
The Cusip number is 61769HUB9.
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