Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 enhanced trigger jump securities on Russell, S&P
New York, Jan. 12 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced trigger jump securities due July 14, 2025 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 65% downside threshold the payout at maturity will be par plus 12%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | $500,000
|
Maturity: | July 14, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus 12%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
|
Initial levels: | 1,957.727 for Russell 2000, 4,688.68 for S&P 500
|
Upside payment: | 12%
|
Downside thresholds: | 1,272.523 for Russell 2000, 3,047.642 for S&P 500, 65% of initial level
|
Pricing date: | Jan. 5
|
Settlement date: | Jan. 10
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.2%
|
Cusip: | 61771WLG1
|
|
|
© 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.