Published on 1/2/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.63 million enhanced buffered jump securities on indexes
New York, Jan. 2 – Morgan Stanley Finance LLC priced $3.63 million of 0% enhanced buffered jump securities due Jan. 2, 2026 linked to the S&P 500 index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 80% downside threshold the payout at maturity will be par plus 17.85%.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold.
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 buffered jump securities
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Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
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Amount: | $3,634,000
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Maturity: | Jan. 2, 2026
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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 17.85%; 1% loss for every 1% that worst performing index declines if it finishes below the downside threshold level
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Initial levels: | 16,906.80 for Nasdaq-100, 2,066.214 for Russell 2000, 4,781.58 for S&P 500
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Upside payment: | 17.85%
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Downside thresholds: | 13,525.44 for Nasdaq-100, 1,652.971 for Russell 2000, 3,825.264 for S&P 500, 80% of initial level
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Buffer: | 20%
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Pricing date: | Dec. 27
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Settlement date: | Jan. 2
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.65%
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Cusip: | 61771WDX3
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