Published on 2/15/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.33 million enhanced buffered jump securities on S&P, Russell
New York, Feb. 15 – Morgan Stanley Finance LLC priced $1.33 million of 0% enhanced buffered jump securities due Feb. 5, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 80% downside threshold, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index beyond 20%.
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 indexes: | S&P 500 index and Russell 2000 index
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Amount: | $1,328,000
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Maturity: | Feb. 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 15%; otherwise, 1% loss for every 1% decline of worst performing index beyond 20%
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Initial levels: | 1,947.342 for Russell 2000, 4,845.65 for S&P 500
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Upside payment: | 15%
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Downside thresholds: | 1,557.874 for Russell 2000, 3,876.52 for S&P 500, 80% of initial levels
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Buffer: | 20%
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61771WFR4
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