Published on 7/10/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.83 million enhanced trigger jump notes on S&P
By Susanna Moon
Chicago, July 10 – Morgan Stanley Finance LLC priced $4.83 million of 0% enhanced trigger jump securities due Oct. 2, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold, the payout at maturity will be par plus the upside return of 9.2%.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
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 index: | S&P 500 index
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Amount: | $4.83 million
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Maturity: | Oct. 2, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If index gains or falls by up to 15%, par plus 9.2%; otherwise, 1% loss per 1% decline
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Initial level: | 2,718.37
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Trigger level: | 2,310.615, 85% of initial level
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Pricing date: | June 29
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Settlement date: | July 5
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Underwriter: | Morgan Stanley & Co. LLC
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Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1.12%
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Cusip: | 61768C6H5
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