By Susanna Moon
Chicago, May 1 – Morgan Stanley Finance LLC priced $2.2 million of 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.
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
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Amount: | $2.2 million
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Maturity: | May 9, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price of oil is at least 70% of initial level, par plus 11.9%; otherwise, full exposure to decline in price of oil
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Initial oil price: | $68.40
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Downside threshold: | $47.88, 70% of initial price
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Pricing date: | April 23
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Settlement date: | April 26
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61766YCS8
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