Published on 9/19/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $764,000 trigger jump securities linked to Nasdaq-100, Russell 2000, Dow Jones industrial
By Kiku Steinfeld
Chicago, Sept. 19 – Morgan Stanley Finance LLC priced $764,000 of 0% trigger jump securities due March 8, 2028 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If return of the worst performing index is positive or zero, the payout at maturity will be par plus 73%. Investors will receive par if the worst performing index declines but finishes at or above the 80% 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 assets: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $764,000
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Maturity: | March 8, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains or falls flat par plus 73%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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Initial levels: | 33,390.97 for Dow, 12,290.81 for Nasdaq, 1,928.263 for Russell
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Upside payment: | 73%
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Triggers: | 26,712.776 for Dow, 9,832.648 for Nasdaq, 1,542.610 for Russell, 80% of initial level
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Pricing date: | March 3, 2023
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Settlement date: | March 8, 2023
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.625%
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Cusip: | 61774T3W0
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