Published on 3/7/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.05 million dual directional trigger jump securities on indexes
New York, March 7 – Morgan Stanley Finance LLC priced $1.05 million of 0% dual directional trigger jump securities due Feb. 28, 2029 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is zero or positive, the payout at maturity will be par plus the greater of that return and 32%.
If the worst performing index declines but finishes at or above the 60% downside threshold, investors will receive par plus the absolute value of the return of that index.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index 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: | Dual directional trigger jump securities
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| Underlying assets: | Russell 2000 index and S&P 500 index
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| Amount: | $1,053,000
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| Maturity: | Feb. 28, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes flat or gains, par plus greater of worst performing index return and 32%; par plus absolute value of worst performing index return if worst performing index declines but finishes at or above 60% downside threshold; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 2,016.688 for Russell 2000, 5,088.80 for S&P 500
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| Upside payment: | 32%
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| Downside threshold: | 1,210.013 for Russell 2000, 3,053.28 for S&P 500, 60% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61771WG69
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