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Morgan Stanley to price buffered jump securities linked to S&P 500
New York, June 6 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due Dec. 11, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is zero or positive, the payout at maturity will be par plus the upside payment of 18.7%.
If the index is declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond the 10% buffer amount.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 8 and settle on June 13.
The Cusip number is 61768Q692.
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