Published on 11/21/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $707,000 trigger jump securities linked to Euro Stoxx
By Kiku Steinfeld
Chicago, Nov. 21 – Morgan Stanley Finance LLC priced $707,000 of 0% trigger jump securities due March 21, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the greater of the index return and 23%. Investors will receive par if the index declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger 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: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $707,000
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Maturity: | March 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus greater of index return and 23%; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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Initial level: | 3,902.44
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Upside payment: | 23%
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Trigger: | 3,121.952, 80% of initial level
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61773QPP8
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