Published on 12/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.05 million enhanced buffered jump securities linked to S&P
New York, Dec. 1 – Morgan Stanley Finance LLC priced $3.05 million of 0% enhanced buffered jump securities due May 28, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% downside threshold, the payout at maturity will be par plus 35.5%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond the 15% buffer amount.
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 buffered jump securities
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Underlying index: | S&P 500 index
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Amount: | $3,049,000
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Maturity: | May 28, 2026
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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 35.5%; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial level: | 4,003.58
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Downside threshold: | 3,403.043, 85% of initial level
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Buffer: | 15%
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.8%
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Cusip: | 61774HE61
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