Published on 9/15/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.11 million trigger jump securities linked to indexes
Chicago, Sept. 15 – Morgan Stanley Finance LLC priced $1.11 million of 0% trigger jump securities due July 26, 2027 linked to the worst performing of the Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the greater of that index's return and 38%. Investors will receive par if the worst performing index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the worst performing 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 indexes: | Dow Jones industrial average and Russell 2000 index
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Amount: | $1,109,000
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Maturity: | July 26, 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 index is positive, par plus greater of return of worst performer and 38%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
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Initial levels: | 34,265.37 for Dow, 1,987.918 for Russell
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Upside payment: | 38%
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Trigger: | 25,699.028 for Dow, 1,490.939 for Russell, 75% of initial levels
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61773HA41
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