Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.84 million enhanced trigger jump securities on Russell, S&P
New York, Oct. 2 – Morgan Stanley Finance LLC priced $3.84 million of 0% enhanced trigger jump securities due Oct. 31, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 80% downside threshold, the payout at maturity will be par plus 12.35%.
Otherwise, investors will lose 1% for every 1% that the worst performing 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 indexes: | Russell 2000 index and S&P 500 index
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Amount: | $3,836,000
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 12.35%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 1,761.609 for Russell 2000, 4,273.53 for S&P 500
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Upside payment: | 12.35%
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Downside thresholds: | 1,409.287 for Russell 2000, 3,418.824 for S&P 500, 80% of initial levels
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61775MBD7
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