By Wendy Van Sickle
Columbus, Ohio, April 11 – Morgan Stanley Finance LLC priced $2.05 million of 0% trigger jump securities due May 8, 2020 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the swap rate return is equal to or greater than the trigger level, 85% of the initial level, the payout at maturity will be par plus 10%.
If the rate declines by more than 15%, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying rate: | 10-year U.S. dollar ICE swap rate
|
| Amount: | $2,047,000
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| Maturity: | May 8, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If swap rate return is equal to or greater than trigger level, 85% of the initial level, par plus 10%; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial rate: | 2.48100%
|
| Downside rate: | 2.10885%, 85% of initial rate
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61766YDS7
|
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