Published on 3/22/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.15 million enhanced buffered jump securities on three indexes
New York, March 22 – Morgan Stanley Finance LLC priced $1.15 million of 0% enhanced buffered jump securities due April 18, 2024 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 75% downside threshold, the payout at maturity will be par plus 9%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 25%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Enhanced buffered jump securities
|
Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
Amount: | $1.15 million
|
Maturity: | April 18, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 9%; otherwise, 1% loss for every 1% that worst performing index declines beyond 25%
|
Initial levels: | 12,251.32 for Nasdaq-100, 1,745.945 for Russell 2000, 3,891.93 for S&P 500
|
Upside payment: | 9%
|
Downside thresholds: | 9,188.49 for Nasdaq-100, 1,309.459 for Russell 2000, 2,918.948 for S&P 500, 75% of initial level
|
Buffer: | 25%
|
Pricing date: | March 15
|
Settlement date: | March 20
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.65%
|
|
Cusip: | 61774T8L9
|
|
|
© 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.