E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/28/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $34.4 million buffered jump securities on S&P 500

New York, March 28 – Morgan Stanley Finance LLC priced $34.4 million of 0% buffered jump securities due April 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 26.72%. Investors will receive par if the index finishes below its initial level but declines by 17% or less and will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered jump securities
Underlying index:S&P 500 index
Amount:$34,403,000
Maturity:April 1, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 26.72%; par if index declines by 17% or less; 1% loss for every 1% that index declines beyond 17%
Initial level:5,218.19
Upside payment:26.72%
Buffer:17%
Pricing date:March 25
Settlement date:March 27
Agent:Morgan Stanley & Co. LLC
Fees:0.25%
Cusip:61776LBZ9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.