Published on 2/7/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 enhanced trigger jump notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced trigger jump securities due Feb. 5, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the greater of the index gain and the upside payment of 40%.
Otherwise, investors will be fully exposed to any losses of the lesser-performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Enhanced trigger jump securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Feb. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index ends at or above downside threshold, par plus the greater of the index gain or 40%; otherwise, par plus return of lesser-performing index
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| Initial levels: | 2,704.1 for S&P and 1,499.419 for Russell
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| Downside thresholds: | 1,892.87 for S&P and 1,049.593 for Russell; 70% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61768DXT7
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