By Wendy Van Sickle
Columbus, Ohio, June 14 – Morgan Stanley Finance LLC priced $1.71 million 0% enhanced trigger jump securities due June 1, 2022 linked to the Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley
If the final commodity level is at least 75% of the initial level, the payout at maturity will be par plus the greater of the gain and 3.75%.
If the final commodity level is less than the 75% trigger level, investors will be fully exposed to the commodity’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Enhanced trigger jump securities
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| Underlying rate: | Brent crude oil futures contracts
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| Amount: | $1,705,000
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| Maturity: | June 1, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final commodity level is at least 75% of the initial level, par plus greater of the gain and 3.75%; otherwise, 1% loss per 1% decline
|
| Initial price: | $65.37
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| Trigger level: | $49.028; 75% of initial level
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| Pricing date: | May 14
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| Settlement date: | May 19
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
|
| Cusip: | 61771VC57
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