Published on 1/2/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $250,000 enhanced trigger jump securities on Dow, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Morgan Stanley Finance LLC priced $250,000 of 0% enhanced trigger jump securities due Dec. 26, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% downside threshold level, the payout at maturity will be par plus 25%. Otherwise, investors will be fully exposed to the losses of the worst-performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Enhanced trigger jump securities
|
Underlying indexes: | Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
|
Amount: | $250,000
|
Maturity: | Dec. 26, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above downside threshold level, par plus 25%; otherwise, par exposure to decline of worst-performing index
|
Initial levels: | 1,970.329 for Russell, 30,216.45 for Dow, 12,690.26 for Nasdaq
|
Downside threshold levels: | 1,379.23 for Russell, 21,151.515 for Dow, 8,883.182 for Nasdaq; 70% of initial level
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 24
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.75%
|
Cusip: | 61771ESA7
|
© 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.