Published on 5/2/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.8 million trigger jump securities linked to S&P, Russell, Dow
New York, May 2 – Morgan Stanley Finance LLC priced $3.8 million of 0% trigger jump securities due April 30, 2029 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is zero or positive, the payout at maturity will be par plus the greater of that index's return and 60%.
Investors will receive par if the worst performing index declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes below the trigger 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: | Trigger jump securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $3.8 million
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Maturity: | April 30, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is zero or positive, par plus greater of return of worst performer and 60%; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 38,239.66 for Dow Jones industrial average, 2,002.000 for Russell 2000, 5,099.96 for S&P 500
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Upside payment: | 60%
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Trigger: | 26,767.762 for Dow Jones industrial average, 1,401.400 for Russell 2000, 3,569.972 for S&P 500, 70% of initial levels
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Pricing date: | April 26
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Settlement date: | April 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.071%
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Cusip: | 61776LZC4
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