Published on 8/25/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $782,000 enhanced trigger jump securities on Nasdaq, Russell, S&P
By Taylor Fox
New York, Aug. 25 – Morgan Stanley Finance LLC priced $782,000 of 0% enhanced trigger jump securities due March 11, 2022 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 62% downside threshold, the payout at maturity will be par plus the upside payment of 6.25%.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
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
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $782,000
|
| Maturity: | March 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index ends at or above downside threshold, par plus 6.25% upside payment; otherwise, par plus return of worst performing index
|
| Initial levels: | 3,915.59 for S&P, 13,695.02 for Nasdaq, 2,289.756 for Russell
|
| Downside threshold levels: | 2,427.666 for S&P, 8,490.912 for Nasdaq, 1,419.649 for Russell; 62% of initial levels
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61771E3M8
|
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