Morgan Stanley plans three-year trigger jump notes tied to three funds

By Susanna Moon

Chicago, July 26 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due Aug. 1, 2019 linked to the worst performing of the iShares Dow Jones U.S. Telecommunications exchange-traded fund, the Utilities Select Sector SPDR fund and the Consumer Staples Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If each fund finishes at or above its 80% threshold level, the payout at maturity will be par of $10 plus the upside payment of $2.42.

Otherwise, investors will be fully exposed to any losses of the worst performing fund.

Morgan Stanley & Co. LLC is the agent.

The notes are guaranteed by Morgan Stanley.

The notes will price on July 29 and settle on Aug. 3.

The Cusip number is 61766B788.

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