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 2/23/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $18.12 million trigger jump securities linked to Euro Stoxx 50

New York, Feb. 23 – Morgan Stanley Finance LLC priced $18.12 million of 0% trigger jump securities due Feb. 21, 2030 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is zero or positive, the payout at maturity will be par plus the greater of the index return and 71%.

Investors will receive par if the index declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Trigger jump securities
Underlying index:Euro Stoxx 50 index
Amount:$18,117,000
Maturity:Feb. 21, 2030
Coupon:0%
Price:Par
Payout at maturity:If index return is zero or positive, par plus greater of index return and 71%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:4,743.17
Upside payment:71%
Trigger:3,320.219, 70% of initial level
Pricing date:Feb. 15
Settlement date:Feb. 21
Agent:Morgan Stanley & Co. LLC
Fees:3.5%
Cusip:61771WZV3

© 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.