By Wendy Van Sickle
Columbus, Ohio, June 5 – Morgan Stanley Finance LLC priced $800,000 of 0% enhanced trigger jump securities due July 30, 2019 linked to West Texas Intermediate light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the percent change in the price of oil is greater than negative 40%, the payout at maturity will be par plus 8.6%.
If the percent change in the price of oil is less than or equal to negative 40%, investors will lose 1% for every 1% that the final oil price is less than the initial price.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying commodity: | West Texas Intermediate light sweet crude oil
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Amount: | $800,000
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Maturity: | July 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If percent change in oil price is greater than negative 40%, par plus 8.6%; otherwise, full exposure to losses from initial oil price
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Initial price: | $67.88
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Downside threshold: | $40.728, 60% of initial level
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Final price: | Average closing price for five trading days ending July 25, 2019
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | Morgan Stanley & Co. LLC
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Placement agents | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 2%
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Cusip: | 61766YCX7
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