By Devika Patel
Knoxville, Tenn., Feb. 10 – Morgan Stanley Finance LLC priced $6 million of 0% trigger jump securities due Feb. 13, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par of $10 plus the greater of the index return and 31.75%. Investors will receive par if the index falls by up to the downside threshold, 70% of its initial level, and will lose 1% for each 1% decline from the initial level if the index declines by more than 30%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $6 million
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Maturity: | Feb. 13, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus greater of index return and 31.75%; par if index’s final level is less than initial level but greater than or equal to downside threshold; 1% loss for each 1% decline from initial level if final index level is less than downside threshold
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Initial index level: | 3,238.04
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Downside threshold: | 2,266.628, 70% of initial index level
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Pricing date: | Feb. 8
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Settlement date: | Feb. 13
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61766V412
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