Published on 7/18/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.16 million enhanced buffered jump securities on S&P, Russell
New York, July 18 – Morgan Stanley Finance LLC priced $1.16 million of 0% enhanced buffered jump securities due Aug. 15, 2024 linked to the S&P 500 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 8.4%.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold.
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 and Russell 2000 index
|
Amount: | $1,155,000
|
Maturity: | Aug. 15, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 8.4%; 1% loss for every 1% that worst performing index declines if it finishes below the downside threshold level
|
Initial levels: | 1,933.376 for Russell 2000, 4,472.16 for S&P 500
|
Upside payment: | 8.4%
|
Downside thresholds: | 1,546.701 for Russell 2000, 3,577.728 for S&P 500, 80% of initial level
|
Buffer: | 20%
|
Pricing date: | July 12
|
Settlement date: | July 17
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.375%
|
Cusip: | 61775HKE6
|
|
|
© 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.