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Morgan Stanley plans enhanced trigger jump notes tied to S&P, Russell
By Angela McDaniels
Tacoma, Wash., Dec. 1 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due Dec. 27, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be par plus the greater of 25% and the return of the lesser-performing index. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Dec. 21.
The Cusip number is 61768CVA2.
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