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Morgan Stanley to price trigger jump securities linked to S&P 500
New York, May 14 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due May 30, 2023 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 index return is positive, the payout at maturity will be par of $1,000 plus the greater of the index return and 46.48%.
The payout will be par if the index declines by 30% or less.
If the index ends below its 70% downside threshold the notes will give full exposure to the decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 24 and settle on May 30.
The Cusip number is 61768C2T3.
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