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Morgan Stanley to price trigger jump securities tied to S&P 500
By Sarah Lizee
Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due June 3, 2026 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will equal par plus the greater of the index return and the upside payment of 37.25%.
If the index falls by up to 40%, the payout will be par.
If the index finishes below its 60% downside threshold, investors will be fully exposed to any losses of the index from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on May 22.
The Cusip number is 61769P743.
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