Published on 2/5/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $781,000 enhanced buffered jump notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, Feb. 6 – Morgan Stanley Finance LLC priced $781,000 of 0% enhanced buffered jump securities due Nov. 7, 2025 linked to the S&P 500 index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 80% downside threshold, the payout at maturity will be par plus the greater of the worst performing index return and 30%.
Investors will lose 1.25% for every 1% that the worst performing index declines beyond the 20% buffer amount.
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: | Enhanced buffered jump securities
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Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
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Amount: | $781,000
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Maturity: | Nov. 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus greater of the worst performing index return and 30%; 1.25% loss for every 1% that worst performing index declines beyond the buffer amount
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Initial levels: | 10,857.03 for Nasdaq, 1,799.866 for Russell, 3,770.55 for S&P
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Upside payment: | 30%
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Downside thresholds: | 8,685.624 for Nasdaq, 1,439.893 for Russell, 3,016.44 for S&P, 80% of initial level
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Buffer: | 20%
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Pricing date: | Nov. 4, 2022
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Settlement date: | Nov. 9, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774HF29
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