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Morgan Stanley plans trigger jump securities linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Dec. 8 – Morgan Stanley plans to price 0% trigger jump securities due Jan. 5, 2021 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 level, the payout at maturity will be par of $10 plus the greater of the 56% upside payment and the index return.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index finishes below the 60% trigger level.
The notes (Cusip: 61764M174) are expected to price on Dec. 30 and settle on Jan. 5.
Morgan Stanley & Co. LLC is the agent.
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