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Morgan Stanley to price trigger jump securities linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., May 14 - Morgan Stanley plans to price 0% enhanced trigger jump securities linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to mature between August 2016 and October 2016. The exact maturity date will be set at pricing.
If the final index level is above the downside threshold level, 85% of the initial index level, the payout at maturity will be par of $10 plus the greater of the 12% fixed return and the index return. If the final index level is at or below the downside threshold level, investors will be fully exposed to losses from the initial index level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.
The notes (Cusip: 61762E448) will price and settle in May.
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