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
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $18,117,000
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Maturity: | Feb. 21, 2030
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Coupon: | 0%
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Price: | Par
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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
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Initial level: | 4,743.17
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Upside payment: | 71%
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Trigger: | 3,320.219, 70% of initial level
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61771WZV3
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