By Tali Rackner
Minneapolis, July 6 – Morgan Stanley Finance LLC priced $2.4 million of 0% enhanced trigger jump securities due Aug. 13, 2019 linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final price is at least the downside threshold of 66.35% of the initial price, the payout at maturity will be par plus the fixed percentage of 10%.
Otherwise, investors will lose 1% for each 1% that oil declines.
The final price will be the average of the settlement price per barrel on Aug. 2, 2019, Aug. 5, 2019, Aug. 6, 2019, Aug. 7, 2019 and Aug. 8, 2019.
Morgan Stanley & Co. LLC is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are 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 asset: | West Texas Intermediate light sweet crude oil futures contracts
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| Amount: | $2.4 million
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| Maturity: | Aug. 13, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final price is at least 66.35%, par plus 10%; otherwise, 1% loss per 1% decline
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| Initial price: | $65.74
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| Downside threshold: | $43.6185, 66.35% of initial price
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| Pricing date: | June 8
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| Settlement date: | June 13
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| Agent: | Morgan Stanley & Co. LLC
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| Placement agents: | JPMorgan Chase Bank, NA, J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 61766YDB4
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