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Morgan Stanley plans dual direction trigger jump notes tied to S&P 500
By Susanna Moon
Chicago, June 12 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due July 6, 2022 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 index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside return of 21.25%.
If the index falls by no more than 30%, the payout will be par plus the absolute value of the index return.
If the index finishes below its 70% trigger level, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 30 and settle on July 6.
The Cusip number is 61766W717.
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