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Morgan Stanley plans enhanced trigger jump notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., March 27 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due July 1, 2020 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 final index level is greater than or equal to the downside threshold level, 82% of the initial index level, the payout at maturity will be par plus 8%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price March 29.
The Cusip number is 61768D3Y9.
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