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Morgan Stanley plans dual directional trigger jump notes on WisdomTree
By Marisa Wong
Madison, Wis., Aug. 30 - Morgan Stanley plans to price 0% dual directional trigger jump securities due September 2016 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund finishes above the initial price, the payout at maturity will be par of $10 plus the greater of the fund return and 10%.
If the fund return is zero or negative but the fund finishes at or above the 90% trigger level, the payout will be par plus the absolute value of the return.
If the fund falls by more than 10%, investors will be fully exposed to the decline from the initial price.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61762P724) are slated to price in August and settle in September.
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