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Morgan Stanley to price trigger jump securities tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Sept. 11 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due Oct. 1, 2024 linked to the Euro Stoxx 50 index, according to an FWP 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 plus the upside payment of $1,000 to $1,010 per $1,000 security.
The payout will be par if the index declines by 40% or less. If the index declines by more than 40%, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 26 and settle on Sept. 28.
The Cusip number is 61768DEL5.
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