By Susanna Moon
Chicago, April 2 – Morgan Stanley Finance LLC priced $3.78 million of 0% enhanced trigger jump securities due Oct. 3, 2019 linked to the West Texas Intermediate Light Sweet Crude Oil Futures Contracts, according to a 424B2 filed with the Securities and Exchange Commission.
If the asset finishes at or above its 80% downside threshold, the payout at maturity will be par of $10 plus the greater of the gain and 15.85%.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
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 asset: | West Texas Intermediate Light Sweet Crude Oil Futures Contracts
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| Amount: | $3,777,000
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| Maturity: | Oct. 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains or falls by up to 20%, par plus greater of return and 15.85%; otherwise, 1% loss for each 1% decline
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| Initial level: | $62.34
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| Trigger level: | $49.872, 80% of initial level
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
|
| Cusip: | 61766YCL3
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