E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/13/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $3.54 million enhanced trigger jump securities on Russell, S&P

New York, Sept. 13 – Morgan Stanley Finance LLC priced $3.54 million of 0% enhanced trigger jump securities due Oct. 11, 2024 linked to the Russell 2000 index and the S&P 500 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 11.5%.

Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Enhanced trigger jump securities
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$3,541,000
Maturity:Oct. 11, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index finishes at or above downside threshold level, par plus 11.5%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:1,851.545 for Russell 2000, 4,457.49 for S&P 500
Upside payment:11.5%
Downside thresholds:1,388.659 for Russell 2000, 3,343.118 for S&P 500, 75% of initial levels
Pricing date:Sept. 8
Settlement date:Sept. 13
Agent:Morgan Stanley & Co. LLC
Fees:0%
Cusip:61775HZX8

© 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.