Morgan Stanley plans buffered jump securities on 10-year ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, July 13 – Morgan Stanley plans to price 0% buffered jump securities due Aug. 28, 2017 linked to the 10-Year U.S. Dollar ICE swap rate, according to an FWP filing with the Securities and Exchange Commission.

If the final swap rate is greater than or equal to the threshold swap rate, 85% of the initial swap rate, the payout at maturity will be par plus the fixed percentage of at least 15.5%, which will be set at pricing.

Investors will lose 1% for every 1% decline in the swap rate beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61760QJX3) will price on July 22 and settle on July 27.

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