Published on 5/9/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $712,000 trigger jump securities on Stoxx, MSCI EM
Chicago, May 10 – Morgan Stanley Finance LLC priced $712,000 of 0% trigger jump securities due March 26, 2026 linked to the least performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the worst performing index and the upside payment of 82%.
If any index falls by up to 75%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
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: | Trigger jump securities
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Underlying indexes: | MSCI Emerging Markets index and Euro Stoxx 50 index
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Amount: | $712,000
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Maturity: | March 26, 2026
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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 initial level, par plus greater of return of worst performing index and 82%; if any index falls by up to 25%, par; otherwise, exposure to decline of worst performing index
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Initial levels: | 1,336.27 for EM, 3,833.84 for Stoxx
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Downside threshold levels: | 1,002.203 for EM, 2,875.38 for Stoxx; 75% of initial level
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Pricing date: | March 22
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Settlement date: | March 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61771VMR8
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