Published on 1/27/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.12 million enhanced buffered jump securities on Dow, S&P
Chicago, Jan. 27 – Morgan Stanley Finance LLC priced $1.12 million of 0% enhanced buffered jump securities due Jan. 27, 2028 linked to the worst performing of the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 80% downside threshold the payout at maturity will be par plus the greater of the worst performing index return and 35%.
Investors will lose 1% for every 1% that the worst performing index declines beyond the 20% buffer amount.
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 buffered jump securities
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $1.12 million
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Maturity: | Jan. 27, 2028
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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 35%; 1% loss for every 1% that worst performing index declines beyond the buffer amount
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Initial levels: | 33,733.96 for Dow, 4,016.95 for S&P
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Upside payment: | 35%
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Downside thresholds: | 26,987.168 for Dow, 3,213.56 for S&P, 80% of initial levels
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Buffer: | 20%
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Pricing date: | Jan. 24
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Settlement date: | Jan. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61774TNP3
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