Morgan Stanley plans buffered jump securities on iShares Russell ETF

By Marisa Wong

Morgantown, W.Va., Nov. 2 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due Nov. 8, 2022 linked to the iShares Russell 2000 exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the ETF finishes at or above the initial share price, the payout at maturity will be par plus the greater of the fund gain and 29.5%.

Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Nov. 3.

The Cusip number is 61768CTM9.

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