Published on 2/2/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $967,000 digital index-linked notes on Stoxx
Chicago, Feb. 2 – Morgan Stanley Finance LLC priced $967,000 of 0% digital notes due Aug. 9, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than or equal to 87.5% of the initial level, the payout at maturity will be par plus 13.48%.
Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Digital notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $967,000
|
| Maturity: | Aug. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than or equal to 87.5% of the initial level, par plus 13.48%; otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%
|
| Initial index level: | 4,323.09
|
| Threshold level: | 3,782.70375; 87.5% of initial level
|
| Pricing date: | May 9, 2023
|
| Settlement date: | May 16, 2023
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61774XJ95
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
