Published on 2/9/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.62 million enhanced buffered jump securities on indexes, ETF
New York, Feb. 9 – Morgan Stanley Finance LLC priced $1.62 million of 0% enhanced buffered jump securities due Feb. 21, 2025 linked to the Utilities Select Sector SPDR Fund, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes at or above the 90% downside threshold, the payout at maturity will be par plus the 11.45% digital payment.
If the worst performer finishes below its downside threshold but at or above the 75% digital threshold, investors will receive the digital payment and lose 1% of principal for every 1% decline of the worst performer beyond 10%.
If the worst performer declines by more than 25%, investors will lose 1% for every 1% decline of that asset beyond 10%.
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 assets: | Utilities Select Sector SPDR Fund, S&P 500 index and Russell 2000 index
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| Amount: | $1,618,000
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| Maturity: | Feb. 21, 2025
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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 11.45% digital payment; if worst performer finishes below downside threshold but at or above digital threshold, par plus the digital payment minus 1% of principal for every 1% decline of the worst performer beyond 10%; otherwise, lose 1% for every 1% decline of worst performer beyond 10%
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| Initial levels: | 1,923.653 for Russell 2000, 4,780.94 for S&P 500, $61.06 for Utilities Select Sector SPDR Fund
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| Digital payment: | 11.45%
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| Downside thresholds: | 1,731.288 for Russell 2000, 4,302.846 for S&P 500, $54.954 for Utilities Select Sector SPDR Fund, 90% of initial levels
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| Digital thresholds: | 1,442.74 for Russell 2000, 3,585.705 for S&P 500, $45.795 for Utilities Select Sector SPDR Fund, 75% of initial levels
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| Strike date: | Jan. 18
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61771WQP6
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