New Issue: Morgan Stanley sells $20 million enhanced trigger jump securities on stocks

By Wendy Van Sickle

Columbus, Ohio, May 5 – Morgan Stanley Finance LLC priced $20 million of 0% enhanced trigger jump securities due May 23, 2022 linked to the least performing of the class A common stock of Peloton Interactive, Inc. and the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial level, the payout at maturity will be par plus 19.05%. If either stock falls but each stock finishes at or above the 60% downside threshold level, the payout will be par. Otherwise, investors will be fully exposed to the losses of the worst-performing stock.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying stocks:	Amazon.com, Inc. and Peloton Interactive, Inc.
Amount:	$20 million
Maturity:	May 23, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above initial level, par plus 19.05%; if either stock falls but each stock finishes above downside threshold level, par; otherwise, exposure to decline of worst-performing stock
Initial levels:	$103.22 for Peloton and $3,458.50 for Amazon.com
Downside threshold levels:	$61.932 for Peloton and $2,075.10 for Amazon.com; 60% of initial level
Pricing date:	April 30
Settlement date:	May 5
Agent:	Morgan Stanley & Co. LLC
Fees:	0.4%
Cusip:	61771VZU7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.