Published on 1/10/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.1 million enhanced trigger jump securities on three indexes
New York, Jan. 10 – Morgan Stanley Finance LLC priced $1.1 million of 0% enhanced trigger jump securities due Feb. 7, 2025 linked to 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.
If the worst performing index finishes at or above its 90% upside threshold, the payout at maturity will be par plus 11.65%.
The payout will be par if the worst performing index ends below its upside threshold but at or above its 70% downside threshold.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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 trigger jump securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $1.1 million
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Maturity: | Feb. 7, 2025
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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 its 90% upside threshold level, par plus 11.65%; par if worst performing index finishes below its upside threshold level but at or above its 70% downside threshold level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 37,440.34 for Dow Jones industrial average, 16,282.01 for Nasdaq-100, 1,957.727 for Russell 2000
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Upside thresholds: | 33,696.306 for Dow Jones industrial average, 14,653.809 for Nasdaq-100, 1,761.954 for Russell 2000, 90% of initial levels
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Downside thresholds: | 26,208.238 for Dow Jones industrial average, 11,397.407 for Nasdaq-100, 1,370.409 for Russell 2000, 70% of initial levels
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Pricing date: | Jan. 4
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Settlement date: | Jan. 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61771WHQ4
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