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Morgan Stanley plans buffered jump securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 3 - Morgan Stanley plans to price 0% buffered jump securities due June 28, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the upside payment and the index return. The upside payment is expected to be $1,000 per $1,000 principal amount of notes, meaning the minimum payout will be 200% of par if the index return is positive.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.
Morgan Stanley & Co. LLC is the agent.
The notes will price June 25 and settle June 30.
The Cusip number is 61761JRG6.
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