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Morgan Stanley plans enhanced buffered jump securities tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 4 – Morgan Stanley Finance LLC plans to price 0% enhanced buffered jump securities due May 10, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the downside threshold, 85% of initial index level, the payout at maturity will be par plus the fixed upside return of 41%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61766BAU5) will price May 5.
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