Morgan Stanley plans dual directional trigger jump notes on oil fund

By Susanna Moon

Chicago, April 4 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger jump securities due May 3, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside payment of 52%.

If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes are guaranteed by Morgan Stanley.

The notes will price on April 19 and settle on April 21.

The Cusip number is 61766B275.

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