Published on 7/30/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 enhanced buffered jump notes on Russell
By Wendy Van Sickle
Columbus, Ohio, July 30 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced buffered jump securities due Jan. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than or equal to the downside threshold value, 85% of the initial index level, the payout at maturity will be par plus 16.75%.
Otherwise, investors will be exposed to any losses beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Enhanced buffered jump securities
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| Underlying index: | Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Jan. 31, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to the downside threshold value, par plus 16.75%; otherwise, exposure to losses beyond 15%
|
| Initial index level: | 1,578.967
|
| Downside threshold: | 1,342.122, 85% of initial index level
|
| Pricing date: | July 26
|
| Settlement date: | July 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 61769HMK8
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