Published on 1/24/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $972,000 trigger jump securities on Nasdaq, Dow, Russell
By Taylor Fox
New York, Jan. 25 – Morgan Stanley Finance LLC priced $972,000 of 0% trigger jump securities due Dec. 29, 2025 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the worst performing index and the upside payment of 42%.
If any index falls by up to 30%, the payout will be par.
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
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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Amount: | $972,000
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Maturity: | Dec. 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus greater of return of worst performing index and par plus 42%; if any index falls by up to 30%, par; otherwise, exposure to decline of worst performing index
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Initial levels: | 12,653.14 for Nasdaq, 30,129.83 for Dow, 2,007.104 for Russell
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Downside threshold levels: | 8,857.198 for Nasdaq, 21,090.881 for Dow, 1,404.973 for Russell; 70% of initial level
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61771ENN4
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