Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $300,000 enhanced trigger jump securities on indexes
Chicago, Oct. 3 – Morgan Stanley Finance LLC priced $300,000 of 0% enhanced trigger jump securities due Nov. 1, 2023 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 70% downside threshold the payout at maturity will be par plus 12.4%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
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 trigger jump securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $300,000
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Maturity: | Nov. 1, 2023
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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 12.4%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
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Initial levels: | 29,134.99 for Dow, 11,271.75 for Nasdaq, 1,662.509 for Russell
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Downside thresholds: | 20,394.493 for Dow, 7,890.225 for Nasdaq, 1,163.756 for Russell, 70% of initial levels
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Upside payment: | 12.4%
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Pricing date: | Sept. 27, 2022
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Settlement date: | Sept. 30, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61774FEK4
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