E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/27/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $970,000 enhanced trigger jump securities linked to Generac

Chicago, Sept. 27 – Morgan Stanley Finance LLC priced $970,000 of 0% enhanced trigger jump securities due Oct. 12, 2023 linked to the common stock of Generac Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final stock level is greater than or equal to the downside threshold level, 60% of the initial stock level, the payout at maturity will be par plus 23.3%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced trigger jump securities
Underlying stock:Generac Holdings Inc.
Amount:$970,000
Maturity:Oct. 12, 2023
Coupon:0%
Price:Par
Payout at maturity:If final stock level is greater than or equal to downside threshold level, par plus 23.3%; otherwise, 1% loss for every 1% that stock declines from initial level
Initial stock level:$171.08
Downside threshold:$102.648, 60% of initial level
Pricing date:Sept. 23, 2022
Settlement date:Sept. 27, 2022
Agent:Morgan Stanley & Co. LLC
Placement agents:J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:1%
Cusip:61774HHA9

© 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.