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 11/6/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.7 million enhanced trigger jump securities linked to S&P 500

New York, Nov. 6 – Morgan Stanley Finance LLC priced $1.7 million of 0% enhanced trigger jump securities due Nov. 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or ends above the 70% downside threshold the payout at maturity will be par plus 51%. 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:S&P 500 index
Amount:$1,703,000
Maturity:Nov. 6, 2028
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above downside threshold level, par plus 51%; 1% loss for every 1% that index declines if it finishes below downside threshold level
Initial level:4,237.86
Upside payment:51%
Downside threshold:2,966.502, 70% of initial level
Pricing date:Nov. 1
Settlement date:Nov. 6
Agent:Morgan Stanley & Co. LLC
Fees:0%
Cusip:61775MQH2

© 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.