New Issue: Morgan Stanley prices $4.83 million enhanced trigger jump notes on S&P

By Susanna Moon

Chicago, July 10 – Morgan Stanley Finance LLC priced $4.83 million of 0% enhanced trigger jump securities due Oct. 2, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold, the payout at maturity will be par plus the upside return of 9.2%.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying index:	S&P 500 index
Amount:	$4.83 million
Maturity:	Oct. 2, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index gains or falls by up to 15%, par plus 9.2%; otherwise, 1% loss per 1% decline
Initial level:	2,718.37
Trigger level:	2,310.615, 85% of initial level
Pricing date:	June 29
Settlement date:	July 5
Underwriter:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	61768C6H5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.