Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2 million enhanced trigger jump securities on Nasdaq, Dow, Russell
By William Gullotti
Buffalo, N.Y., Feb. 9 – Morgan Stanley Finance LLC priced $2 million of 0% enhanced trigger jump securities due March 9, 2023 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the each index’s final level is greater than or equal to the downside threshold level, 75% of initial level, the payout at maturity will be par plus 13.5%. Otherwise, investors will lose 1% for every 1% that the worst performer 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 indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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Amount: | $2 million
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Maturity: | March 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index’s final level is greater than or equal to downside threshold level, par plus 13.5%; otherwise, 1% loss for every 1% that the worst performer declines from initial level
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Initial levels: | 35,089.74 for Dow, 2,002.359 for Russell, 14,694.35 for Nasdaq
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Downside thresholds: | 26,317.305 for Dow, 1,501.769 for Russell, 11,020.763 for Nasdaq; 75% of initial levels
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Pricing date: | Feb. 4
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Settlement date: | Feb. 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61773H4X4
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