Published on 9/21/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $650,000 buffered jump securities linked to EAFE, Stoxx
Chicago, Sept. 21 – Morgan Stanley Finance LLC priced $650,000 of 0% buffered jump securities due Sept. 17, 2027 linked to the worst performing of the iShares MSCI EAFE ETF and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes above its initial level, the payout at maturity will be par plus 73%. Investors will receive par if the worst performing asset finishes below its initial level but declines by 25% or less and will lose 1.3333% for every 1% that the worst performing asset declines beyond the buffer.
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: | Buffered jump securities
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $650,000
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Maturity: | Sept. 17, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing asset is positive, par plus 73%; par if worst performing asset declines by 25% or less; 1.3333% loss for every 1% that worst performing asset declines beyond 25%
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Initial levels: | $61.31 for ETF, 3,567.56 for Stoxx
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Buffer levels: | 75% of initial levels
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Upside payment: | 73%
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Buffer: | 25%
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Pricing date: | Sept. 14, 2022
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Settlement date: | Sept. 19, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61774HCA4
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