Published on 2/21/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.9 million enhanced trigger jump securities on indexes, ETF
New York, Feb. 21 – Morgan Stanley Finance LLC priced $1.9 million of 0% enhanced trigger jump securities due March 13, 2025 linked to the Russell 2000 index, the Nasdaq-100 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes at or above the 75% downside threshold, the payout at maturity will be par plus 12%.
Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from its 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 assets: | Russell 2000 index, Nasdaq-100 index and Utilities Select Sector SPDR Fund
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Amount: | $1,899,000
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Maturity: | March 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above downside threshold level, par plus 12%; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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Initial levels: | 2,009.992 for Russell 2000 index, 17,962.4 for Nasdaq-100 index, $60.27 for Utilities Select Sector SPDR Fund
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Upside payment: | 12%
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Downside thresholds: | 1,507.494 for Russell 2000 index, 13,471.8 for Nasdaq-100 index, $45.203 for Utilities Select Sector SPDR Fund, 75% of initial levels
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.65%
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Cusip: | 61771WXP8
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