Published on 11/7/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.5 million enhanced trigger jump notes on three indexes
By Kiku Steinfeld
Chicago, Nov. 7 – Morgan Stanley Finance LLC priced $2.5 million of 0% enhanced trigger jump securities with daily trigger monitoring due Oct. 19, 2020 linked to the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index closes at or above its 75% downside threshold on every trading day during the life of the notes, the payout at maturity will be par plus the upside payment of 11%.
If any index falls below its 75% downside threshold any day during the life of the notes, investors will be exposed to the decline of the worst performing index on the final valuation date with a maximum payout of par.
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 with daily trigger monitoring
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| Underlying indexes: | S&P 500, Nasdaq-100, Dow Jones industrial average
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| Amount: | $2,497,000
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| Maturity: | Oct. 19, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If all three indexes close above their 75% downside thresholds every day during the life of the notes, the payout will be par plus 11%; if any index closes below 75% of its initial level during the life of the notes, investors will be exposed to the losses of the final value of the worst performing index with a maximum payout of par
|
| Initial levels: | 26,816.59 for Dow, 7,843.875 for Nasdaq, 2,970.27 for S&P
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| Trigger levels: | 20,112.443 for Dow, 5,882.906 for Nasdaq, 2,227.703 for S&P, 75% of initial levels
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| Pricing date: | Oct. 11
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| Settlement date: | Oct. 17
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61769HZJ7
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