Published on 1/3/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.61 million enhanced buffered jump notes on S&P
By Sarah Lizee
Olympia, Wash., Jan. 3 – Morgan Stanley Finance LLC priced $1.61 million of 0% enhanced buffered jump securities due June 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its 85% downside threshold, the payout at maturity will be par plus 16%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
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 index: | S&P 500
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Amount: | $1,612,000
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Maturity: | June 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above downside threshold, par plus 16%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial level: | 3,224.01
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Downside threshold: | 2,740.409, 85% of initial level
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Pricing date: | Dec. 23
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Settlement date: | Dec. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.8%
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Cusip: | 61769HW35
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