Published on 9/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.5 million enhanced buffered jump securities on Dow, S&P
New York, Sept. 12 – Morgan Stanley Finance LLC priced $1.5 million of 0% enhanced buffered jump securities due Sept. 5, 2028 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 90% downside threshold, the payout at maturity will be par plus the greater of the worst performing index return and 50%.
The payout will be par if the worst performing index finishes below the downside threshold but at or above 80% of its initial level.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
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 buffered jump securities
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $1.5 million
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Maturity: | Sept. 5, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 50%; par if worst performing index finishes below the downside threshold but by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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Initial levels: | 31,790.87 for Dow Jones industrial average, 3,986.16 for S&P 500
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Upside payment: | 50%
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Downside thresholds: | 28,611.783 for Dow Jones industrial average, 3,587.544 for S&P 500, 90% of initial level
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Buffer: | 20%
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Strike date: | Aug. 30
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.3%
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Cusip: | 61774FGS5
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