Published on 8/19/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $599,000 enhanced trigger jump notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 19 – Morgan Stanley Finance LLC priced $599,000 of 0% enhanced trigger jump securities due Aug. 19, 2024 tied to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 60% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain of the worse performing index and the fixed return of $235 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes are guaranteed by Morgan Stanley.
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: | S&P 500, Russell 2000
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Amount: | $599,000
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Maturity: | Aug. 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above trigger level, par plus the greater of any gain of the worse performing index and the fixed return of $235 per $1,000 of notes; otherwise, investors will lose 1% for each 1% decline of the worse performing index
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Initial levels: | 2,840.60 for S&P, 1,467.522 for Russell
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Trigger levels: | 1,704.36 for S&P, 880.513 for Russell; 60% of initial levels
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Pricing date: | Aug. 14
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Settlement date: | Aug. 19
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61769HQS7
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