Published on 3/25/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $14.79 million enhanced trigger jump securities on Russell, Dow
New York, March 25 – Morgan Stanley Finance LLC priced $14.79 million of 0% enhanced trigger jump securities due March 25, 2026 linked to the Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the downside threshold the payout at maturity will be par plus the greater of the worst performing index return and 24%. 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
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Guarantor: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying indexes: | Russell 2000 index and Dow Jones industrial average
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Amount: | $14,788,000
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Maturity: | March 25, 2026
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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 downside threshold level, par plus greater of the worst performing index return and 24%; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
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Initial levels: | 39,512.13 for Dow Jones industrial average, 2,074.880 for Russell 2000
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Upside payment: | 24%
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Downside thresholds: | 35,560.917 for Dow Jones industrial average, 1,867.392 for Russell 2000, 90% of initial level
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Pricing date: | March 20
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Settlement date: | March 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61776LGN1
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