Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $575,000 enhanced trigger jump securities on index, ETF
New York, May 17 – Morgan Stanley Finance LLC priced $575,000 of 0% enhanced trigger jump securities due Oct. 20, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains or ends above the downside threshold, the payout at maturity will be par plus the greater of the worst performing asset return and 31%. Investors will lose 1% for every 1% that the worst performing asset 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 assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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Amount: | $575,000
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Maturity: | Oct. 20, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above downside threshold level, par plus greater of the worst performing asset return and 31%; 1% loss for every 1% that worst performing asset declines if it finishes below downside threshold level
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Initial level: | 4,182.91 for index, $51.94 for ETF
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Upside payment: | 31%
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Downside threshold: | 2,928.037 for index, $36.358 for ETF, 70% of initial level
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Pricing date: | Oct. 15, 2021
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Settlement date: | Oct. 20, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61773F3S0
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