Morgan Stanley plans outperformance jump securities on two indexes

By Sarah Lizee

Olympia, Wash., Aug. 13 – Morgan Stanley Finance LLC plans to price 0% outperformance jump securities due Aug. 27, 2020 linked to the performance of the Tokyo Stock Price index relative to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The guarantor is Morgan Stanley.

If the Tokyo Stock Price return is greater than or equal to the S&P 500 return, the payout at maturity will be par of $10 plus 12.65%.

If the Tokyo Stock Price return is less than the S&P 500 return, the payout will be equal to the outperformance return, which is the Tokyo Stock Price return minus the S&P 500 return. In this case, the payout will be less than par.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on Aug. 16.

The Cusip number is 61769Q451.

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