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Morgan Stanley plans dual directional trigger jump notes on S&P 500
By Susanna Moon
Chicago, May 4 - Morgan Stanley plans to price 0% dual directional trigger jump securities due November 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the greater of the index gain and the upside return of 18% to 20%.
If the final index level is at or below the initial level but at or above the 80% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses if the index falls beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in May.
The Cusip number is 61755S222.
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