By William Gullotti
Buffalo, N.Y., April 4 – Morgan Stanley Finance LLC priced $2.13 million of 0% enhanced trigger jump securities due April 10, 2025 linked to the stock performance of Carnival Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock’s final level is greater than or equal to the downside threshold level, 70% of initial level, the payout at maturity will par plus 22.05%.
Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. will act as placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying stock: | Carnival Corp.
|
| Amount: | $2,125,000
|
| Maturity: | April 10, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock’s final level is greater than or equal to downside threshold level, par plus 22.05%; otherwise, 1% loss for every 1% that the stock declines from initial level
|
| Initial level: | $17.08
|
| Downside threshold: | $11.956; 70% of initial level
|
| Strike date: | March 22
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| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | Morgan Stanley & Co. LLC
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A.
|
| Fees: | 1%
|
| Cusip: | 61776LJD0
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