Published on 4/2/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.3 million enhanced trigger jump securities linked to Stoxx
New York, April 2 – Morgan Stanley Finance LLC priced $4.3 million of 0% enhanced trigger jump securities due April 3, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% downside threshold, the payout at maturity will be par plus the greater of the index return and 39.25%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial 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: | Enhanced trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4,304,000
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Maturity: | April 3, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above downside threshold level, par plus greater of the index return and 39.25%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 5,081.74
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Upside payment: | 39.25%
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Downside threshold: | 3,811.305, 75% of initial level
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Pricing date: | March 27
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Settlement date: | April 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61771W5M6
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