Published on 10/31/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $785,000 enhanced buffered jump notes tied to ETF, EAFE
Chicago, Oct. 31 – Morgan Stanley Finance LLC priced $785,000 of 0% enhanced buffered jump securities due Oct. 25, 2022 linked to the lesser performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each underlier finishes at or above the 75% downside threshold, the payout at maturity will be par plus the fixed upside payment of 32%.
Otherwise, investors will be exposed to any decline of the worse performing underlier beyond 25%.
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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Underliers: | SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the MSCI EAFE index
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Amount: | $785,000
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Maturity: | Oct. 25, 2022
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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 75% downside threshold, par plus 32%; otherwise, 1% loss per 1% decline of worse performer beyond 25%
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Initial levels: | $20.56 for ETF and 1,920.09 for index
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Downside thresholds: | $15.42 for ETF and 1,440.068 for index, 75% of initial levels
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HZL2
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