Published on 1/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.55 million enhanced trigger jump securities on S&P
By William Gullotti
Buffalo, N.Y., Jan. 28 – Morgan Stanley Finance LLC priced $1.55 million of 0% enhanced trigger jump securities due Jan. 29, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index’s final level is greater than or equal to the downside threshold level, 80% of initial level, the payout at maturity will be par plus 17.52%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
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 index: | S&P 500 index
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Amount: | $1.55 million
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Maturity: | Jan. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index’s final level is greater than or equal to downside threshold level, par plus 17.52%; otherwise, 1% loss for every 1% decline from initial level
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Initial level: | 4,410.13
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Downside threshold: | 3,528.104; 80% of initial level
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Strike date: | Jan. 24
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Pricing date: | Jan. 26
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Settlement date: | Jan. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61773HQ44
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