Published on 10/14/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $356,000 enhanced trigger jump securities linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $356,000 of 0% enhanced trigger jump securities due March 29, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above the 80% downside threshold the payout at maturity will be par plus 47%. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold 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: | $356,000
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Maturity: | March 29, 2028
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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 47%; 1% loss for every 1% that index declines if it finishes below downside threshold level
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Initial level: | 4,130.62
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Upside payment: | 47%
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Downside threshold: | 3,304.496, 80% of initial level
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Pricing date: | March 24, 2023
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Settlement date: | March 29, 2023
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61774T5K4
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