Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.45 million enhanced trigger jump securities on three indexes
New York, May 25 – Morgan Stanley Finance LLC priced $1.45 million of 0% enhanced trigger jump securities due June 25, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above the 70% downside threshold, the payout at maturity will be par plus 11.25%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,454,000
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Maturity: | June 25, 2024
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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 11.25%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 13,803.49 for Nasdaq-100, 1,773.717 for Russell 2000, 4,191.98 for S&P 500
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Upside payment: | 11.25%
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Downside thresholds: | 9,662.443 for Nasdaq-100, 1,241.602 for Russell 2000, 2,934.386 for S&P 500, 70% of initial level
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61774X3B7
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