New Issue: Morgan Stanley prices $2.5 million trigger jump notes linked to energy ETF

By Angela McDaniels

Tacoma, Wash., Aug. 5 – Morgan Stanley priced $2.5 million of 0% trigger jump securities due Feb. 5, 2018 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the downside threshold value, the payout at maturity will be par of $10 plus the greater of the ETF return and 18%. If the final share price is less than the downside threshold value, investors will be exposed to losses from the initial share price.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying ETF:	Energy Select Sector SPDR Fund
Amount:	$2,504,500
Maturity:	Feb. 5, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to downside threshold value, par plus greater of ETF return and 18%; otherwise, full exposure to losses from initial share price
Initial share price:	$69.38
Downside threshold:	$58.973, 85% of initial share price
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61765G739

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