Published on 10/20/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $992,000 enhanced buffered jump securities on S&P 500
By Kiku Steinfeld
Chicago, Oct. 20 – Morgan Stanley Finance LLC priced $992,000 of 0% enhanced buffered jump securities due June 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its 85% downside threshold, the payout at maturity will be par plus 21%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
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: | $992,000
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Maturity: | June 30, 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, par plus 21%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial level: | 4,401.46
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Downside threshold: | 3,741.241; 85% of initial level
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Pricing date: | July 27
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Settlement date: | July 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.3%
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Cusip: | 61773FCL5
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