Published on 1/25/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $11.91 million enhanced trigger jump securities on West Texas Intermediate
New York, Jan. 25 – Morgan Stanley Finance LLC priced $11.91 million of 0% enhanced trigger jump securities due Feb. 20, 2025 linked to the West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or ends above the 80% downside threshold the payout at maturity will be par plus 21.4%. Investors will lose 1% for every 1% that the commodity 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
|
Guarantor: | Morgan Stanley
|
Issue: | Enhanced trigger jump securities
|
Underlying commodity: | West Texas Intermediate light sweet crude oil futures contracts
|
Amount: | $11,906,000
|
Maturity: | Feb. 20, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If commodity finishes at or above downside threshold level, par plus 21.4%; 1% loss for every 1% that commodity declines if it finishes below downside threshold level
|
Initial level: | $72.56
|
Upside payment: | 21.4%
|
Downside threshold: | $58.048, 80% of initial level
|
Pricing date: | Jan. 17
|
Settlement date: | Jan. 22
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 61774FDS8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.