Published on 2/15/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $12.92 million enhanced trigger jump securities on three indexes
New York, Feb. 15 – Morgan Stanley Finance LLC priced $12.92 million of 0% enhanced trigger jump securities due Feb. 5, 2030 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its 90% upside threshold, the payout at maturity will be par plus 71%.
The payout will be par if the worst performing index ends below its upside threshold but at or above its 70% downside threshold. 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
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Guarantor: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $12,921,000
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Maturity: | Feb. 5, 2030
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 90% upside threshold level, par plus 71%; par if worst performing index finishes below its upside threshold level but at or above its 70% downside threshold level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 38,150.30 for Dow Jones industrial average, 1,947.342 for Russell 2000, 4,845.65 for S&P 500
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Upside payment: | 71%
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Upside thresholds: | 34,335.27 for Dow Jones industrial average, 1,752.608 for Russell 2000, 4,361.085 for S&P 500, 90% of initial levels
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Downside thresholds: | 26,705.21 for Dow Jones industrial average, 1,363.139 for Russell 2000, 3,391.955 for S&P 500, 70% of initial levels
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61771WKS6
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