By William Gullotti
Buffalo, N.Y., June 15 – Morgan Stanley Finance LLC priced $3.32 million of 0% enhanced trigger jump securities due June 26, 2024 linked to the Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final commodity level is greater than or equal to the downside threshold level, 65% of the initial commodity level, the payout at maturity will be par plus 13.8%. Otherwise, investors will lose 1% for every 1% that the commodity declines from its initial level.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| 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 commodity: | Brent crude oil futures contracts
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| Amount: | $3.32 million
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| Maturity: | June 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final commodity level is greater than or equal to downside threshold level, par plus 13.8%; otherwise, 1% loss for every 1% that commodity declines from initial level
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| Initial commodity level: | $74.79
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| Downside threshold: | $48.6135, 65% of initial level
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Agent: | Morgan Stanley & Co. LLC
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1%
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| Cusip: | 61774FCC4
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