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Morgan Stanley plans trigger jump securities linked to S&P 500 index
By Jennifer Chiou
New York, Feb. 3 – Morgan Stanley plans to price 0% trigger jump securities due March 4, 2021 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the final index level is at or greater than the initial level, the payout at maturity will be par of $10 plus the greater of the 42% upside payment and the index return.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index finishes below the 60% trigger level.
The notes (Cusip: 61764M828) will price on Feb. 27 and settle on March 4.
Morgan Stanley & Co. LLC is the agent.
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