Published on 2/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $745,000 enhanced trigger jump notes on Brent
By Kiku Steinfeld
Chicago, Feb. 28 – Morgan Stanley Finance LLC priced $745,000 of 0% enhanced trigger jump securities due Dec. 6, 2023 linked to the Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or ends above the 50% downside threshold, the payout at maturity will be par plus 16.05%. Investors will lose 1% for every 1% that the commodity declines if it finishes below the downside threshold level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA as placement agents.
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 commodity: | Brent crude oil futures contracts
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Amount: | $745,000
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Maturity: | Dec. 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity finishes at or above downside threshold level, par plus 16.05%; 1% loss for every 1% that commodity declines if it finishes below downside threshold level
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Initial level: | $87.62
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Upside payment: | 16.05%
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Downside threshold: | $43.81, 50% of initial level
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Pricing date: | Nov. 18, 2022
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Settlement date: | Nov. 23, 2022
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Agent: | Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1%
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Cusip: | 61774FAP7
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