Published on 3/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.63 million trigger jump securities linked to Russell 2000, Euro Stoxx 50
New York, March 17 – Morgan Stanley Finance LLC priced $1.63 million of 0% trigger jump securities due March 18, 2027 linked to the Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the greater of that index's return and 64%. Investors will receive par if the worst performing index declines but finishes at or above the trigger level and will lose 1% for every 1% that the worst performing 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 indexes: | Russell 2000 index and Euro Stoxx 50 index
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Amount: | $1,632,000
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Maturity: | March 18, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus greater of return of worst performer and 64%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
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Initial levels: | 1,941.719 for Russell 2000 index, 3,741.10 for Euro Stoxx 50 index
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Trigger: | 1,165.031 for Russell 2000 index, 2,244.66 for Euro Stoxx 50 index, 60% of initial level
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Pricing date: | March 14
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Settlement date: | March 16
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.35%
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Cusip: | 61773QPB9
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