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Morgan Stanley to price trigger jump securities on Euro Stoxx Banks
By Marisa Wong
Morgantown, W.Va., May 17 – Morgan Stanley Finance LLC plans to price 0% trigger jump securities due Nov. 20, 2019 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the index return and 14.3%. The payout will be par if the index declines by 30% or less. If the index declines by more than 30%, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 18.
The Cusip number is 61768C2Z9.
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