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Morgan Stanley to price trigger jump securities tied to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 17 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due Oct. 27, 2025 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus the greater of the return and 50%.
The payout will be par if the index declines by 30% or less. If the index declines by more than 30%, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 18.
The Cusip number is 61769HWS0.
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