E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/14/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $356,000 enhanced trigger jump securities linked to Euro Stoxx 50

By Kiku Steinfeld

Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $356,000 of 0% enhanced trigger jump securities due March 29, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or ends above the 80% downside threshold the payout at maturity will be par plus 47%. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced trigger jump securities
Underlying index:Euro Stoxx 50 index
Amount:$356,000
Maturity:March 29, 2028
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above downside threshold level, par plus 47%; 1% loss for every 1% that index declines if it finishes below downside threshold level
Initial level:4,130.62
Upside payment:47%
Downside threshold:3,304.496, 80% of initial level
Pricing date:March 24, 2023
Settlement date:March 29, 2023
Agent:Morgan Stanley & Co. LLC
Fees:3%
Cusip:61774T5K4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.