Published on 4/26/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.16 million enhanced trigger jump securities on three indexes
New York, April 26 – Morgan Stanley Finance LLC priced $2.16 million of 0% enhanced trigger jump securities due May 22, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 70% downside threshold, the payout at maturity will be par plus 10.8%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Enhanced trigger jump securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $2,155,000
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Maturity: | May 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 10.8%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 17,037.65 for Nasdaq-100, 1,947.656 for Russell 2000, 4,967.23 for S&P 500
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Upside payment: | 10.8%
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Downside thresholds: | 11,926.355 for Nasdaq-100, 1,363.359 for Russell 2000, 3,477.061 for S&P 500, 70% of initial levels
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Pricing date: | April 19
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Settlement date: | April 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.65%
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Cusip: | 61776LWY9
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