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Morgan Stanley plans dual directional trigger jump notes on index, ETF
By Sarah Lizee
Olympia, Wash., May 13 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due Nov. 17, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset finishes at or above its initial level, the payout at maturity will be par of $1,000 plus the greater of the lesser-performing index’s return and 48%.
If either index falls but finishes at or above the trigger level, 70% of the initial index level, the payout will be par plus the absolute value of the lesser-performing index return.
If any index finishes below the trigger level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 14.
The Cusip number is 61769HBY0.
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