By Susanna Moon
Chicago, Aug. 18 – Morgan Stanley Finance LLC priced $1.76 million of 0% trigger jump securities due March 4, 2020 linked to Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes at or above its initial index level, the payout at maturity will be par of $10 plus the upside payment will be equal to $2.90 per $10.00.
If the stock falls by up to 20%, the payout will be par.
If the stock finishes below its 80% trigger level, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger jump securities
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| Underlying stock: | Apple Inc. (Symbol: AAPL)
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| Amount: | $1,759,000
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| Maturity: | March 4, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 29%; if stock falls by up to 20%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | $161.60
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| Downside threshold: | $129.28, 80% of initial level
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| Pricing date: | Aug. 15
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| Settlement date: | Aug. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61766X434
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