Published on 6/5/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $9.99 million enhanced trigger jump notes on Stoxx, Russell
By Wendy Van Sickle
Columbus, Ohio, June 5 – Morgan Stanley Finance LLC priced $9.99 million of 0% enhanced trigger jump securities due Dec. 5, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 75% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain of the worse performing index and the fixed return of $4.05 per $10.00 of notes.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management as dealer.
The notes are guaranteed by Morgan Stanley.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying indexes: | Euro Stoxx 50, Russell 2000
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Amount: | $9.99 million
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Maturity: | Dec. 5, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If each index gains or falls by up to 25%, par plus greater of any gain of worse performing index and 40.5%; otherwise, 1% loss per 1% decline of worse performing index
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Initial levels: | 3,280.43 for Stoxx, 1,465.487 for Russell
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Trigger levels: | 2,460.323 for Stoxx, 1,099.115 for Russell; 75% of initial levels
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 3%
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Cusip: | 61768Y505
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