Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for West Texas Intermediate light sweet crude oil > News item |
Morgan Stanley to price enhanced trigger jump securities linked to oil
By Marisa Wong
Morgantown, W.Va., April 19 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due May 9, 2019 linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final price is at least 70% of the initial price, the payout at maturity will be par plus 11.9%. Otherwise, investors will be fully exposed to the decline in the price of oil.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price on April 20.
The Cusip number is 61766YCS8.
© 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.