Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $933,000 more dual directional trigger jump notes on indexes
New York, Dec. 12 – Morgan Stanley Finance LLC priced $933,000 of additional 0% dual directional trigger jump securities due Nov. 30, 2028 linked to the S&P 500 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are an add-on to the $999,000 principal amount issued on Nov. 30 and bring the total issue size to $1,932,000.
If the return of the worst performing index is positive, the payout at maturity will be par plus the greater of that return and 47%.
If the worst performing index declines but by no more than the 70% downside threshold investors will receive par plus 100% of the absolute value of the return of the worst performing index. They will lose 1% for every 1% decline if the worst performing index ends below its downside threshold.
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: | Dual directional trigger jump securities add-on
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| Underlying assets: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $933,000
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| Previous issue: | $999,000 on Nov. 30
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| Maturity: | Nov. 30, 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 par plus greater of worst performing index return and 47%; par plus 100% of absolute value of worst performing index return if worst performing index declines but by no more than the 70% downside threshold; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
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| Initial levels: | 35,333.47 for Dow Jones industrial average, 1,801.154 for Russell 2000, 4,550.43 for S&P 500
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| Upside payment: | 47%
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| Downside threshold: | 24,733.429 for Dow Jones industrial average, 1,260.808 for Russell 2000, 3,185.301 for S&P 500, 70% of initial level
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| Pricing date: | Dec. 6
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| Settlement date: | Dec. 8
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.1%
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| Cusip: | 61775MQY5
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