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Morgan Stanley plans enhanced trigger jump notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 6 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due May 13, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 80.75% downside threshold, the payout at maturity will be par plus the upside return of 8%.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price on Feb. 8.
The Cusip number is 61768DP58.
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