By Susanna Moon
Chicago, May 24 – Morgan Stanley Finance LLC priced $3.98 million of 0% trigger jump securities due June 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and 34.8%.
If the index falls by up to 10%, the payout will be par.
If the index finishes below its 90% downside threshold, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger jump securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3,983,650
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| Maturity: | June 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 34.8%; if index falls by up to 10%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,562.85
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| Trigger level: | 3,206.565, 90% of initial level
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| Pricing date: | May 16
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| Settlement date: | May 21
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
|
| Cusip: | 61768Q155
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