Published on 1/7/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 enhanced buffered jump notes linked to S&P, Russell
By Sarah Lizee
Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC priced $250,000 of 0% enhanced buffered jump securities due April 1, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its downside threshold value, 90% of its initial level, the payout at maturity will be par plus 8%. If the final level of either index is less than its downside threshold value, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
The notes will be 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 indexes: | S&P 500 and Russell 2000
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Amount: | $250,000
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Maturity: | April 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to downside threshold value, par plus 8%; if final level of either index is less than downside threshold value, 1% loss for every 1% that lesser-performing index declines beyond 10%
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Initial levels: | 3,240.02 for S&P 500 and 1,669.033 for Russell 2000
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Downside thresholds: | 2,916.018 for S&P 500 and 1,502.130 for Russell 2000, or 90% of initial levels
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Pricing date: | Dec. 27
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Settlement date: | Jan. 2
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61769HZ73
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