Morgan Stanley plans enhanced trigger jump notes tied to index, ETFs

By Sarah Lizee

Olympia, Wash., May 14 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger jump securities due June 10, 2020 tied to the worst performing of the Euro Stoxx Banks index, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each asset closes above 60% of its initial level, the payout at maturity will be par plus 11%.

Otherwise, investors will have full exposure to the decline of the worst performing asset.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 29.

The Cusip number is 61769HBZ7.

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