Published on 1/25/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.93 million enhanced buffered jump securities on fund, indexes
Chicago, Jan. 25 – Morgan Stanley Finance LLC priced $2.93 million of 0% enhanced buffered jump securities due Feb. 6, 2025 linked to the worst performing of the Utilities Select Sector SPDR Fund, S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains or ends above the 75% downside threshold the payout at maturity will be par plus 8.15%.
Investors will lose 1.3333% for every 1% that the worst performing asset declines beyond the 25% buffer.
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 assets: | Utilities Select Sector SPDR Fund, S&P 500 index and Russell 2000 index
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Amount: | $2,925,000
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Maturity: | Feb. 6, 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 8.15%; otherwise, 1.3333% loss for every 1% that worst performing asset declines beyond 25% buffer
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Initial levels: | 1,944.391 for Russell, 4,839.81 for S&P, $60.98 for fund
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Downside thresholds: | 1,458.293 for Russell, 3,629.858 for S&P, $45.735 for fund, 75% of initial levels
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Upside payment: | 8.15%
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Buffer: | 25%
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.06%
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Cusip: | 61771WNQ7
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