Published on 2/15/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.21 million enhanced trigger jump securities on S&P, Russell
By Taylor Fox
New York, Feb. 16 – Morgan Stanley Finance LLC priced $4.21 million of 0% enhanced trigger jump securities due Feb. 25, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the 7.85% upside payment.
Otherwise, investors will be fully exposed to the decline of the lesser 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
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| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $4,211,000
|
| Maturity: | Feb. 25, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its 70% downside threshold, par plus the 7.85% upside payment; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
|
| Initial levels: | 3,841.47 for S&P, 2,168.758 for Russell
|
| Downside thresholds: | 2,689.029 for S&P, 1,518.131 for Russell; 70% of initial levels
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61771EH92
|
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