By Wendy Van Sickle
Columbus, Ohio, April 12 – Morgan Stanley Finance LLC priced $3.94 million of 0% trigger jump securities due April 3, 2020 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes at or above its initial price, the payout at maturity will equal par plus 34.6%.
Investors will receive par if the stock falls by up to 20% and will be fully exposed to any losses if the stock finishes below the 80% downside threshold level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Apple Inc.
|
| Amount: | $3,943,470
|
| Maturity: | April 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its initial price, par plus 34.6%; par if the stock falls by up to 20%; full exposure to any losses if the stock finishes below downside threshold price
|
| Initial share price: | $143.66
|
| Downside threshold: | $114.928, 80% of initial share price
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61766V560
|
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