Published on 3/10/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 trigger jump notes on indexes
By Sarah Lizee
Olympia, Wash., March 10 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger jump securities due March 5, 2025 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its initial level, the payout at maturity will be par plus 62%.
If the least performing index falls but finishes at or above the trigger level, 70% of the initial index level, the payout will be par.
If any index finishes below the trigger level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying indexes: | S&P 500, Russell 2000, Dow Jones industrial average
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Amount: | $250,000
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Maturity: | March 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 62%; if any index falls but each index finishes at or above trigger level, par; if any index finishes below trigger level, 1% loss for every 1% that least-performing index declines from initial level
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Initial levels: | 25,409.36 for Dow, 1,476.431 for Russell, 2,954.22 for S&P
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Trigger/downside threshold levels: | 17,786.552 for Dow, 1,033.502 for Russell, 2,067.954 for S&P, 70% of initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61770FKR6
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