Published on 8/25/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.93 million enhanced trigger jump securities on indexes
Chicago, Aug. 25 – Morgan Stanley Finance LLC priced $2.93 million of 0% enhanced trigger jump securities due Aug. 26, 2024 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive par plus 10.2% if all three indexes finish above 70% of their initial levels.
Investors will be fully exposed to the losses of the worst performer if any index closes below the 70% downside threshold. However, in the second scenario if all three indexes still close above 60% of their initial levels, the 10.2% digital return will be paid.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| 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: | $2,928,000
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| Maturity: | Aug. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all three indexes close above 70% downside thresholds, par plus 10.2%; if any index closes below 70% of initial level, full exposure to losses of worst performer; however, in loss scenario if all three indexes finish above 60% digital threshold investors will be exposed to losses but still receive the 10.2% upside payment
|
| Initial levels: | 14,694.84 for Nasdaq, 1,859.421 for Russell, 4,369.71 for S&P
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| Downside thresholds: | 10,286.388 for Nasdaq, 1,301.595 for Russell, 3,058.797 for S&P, 70% of initial level
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| Digital thresholds: | 8,816.904 for Nasdaq, 1,115.653 for Russell, 2,621.826 for S&P, 60% of initial level
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| Upside payment: | 10.2%
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.2%
|
| Cusip: | 61775HXB8
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