Published on 1/4/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.14 million trigger jump securities linked to S&P, Russell
New York, Jan. 4 – Morgan Stanley Finance LLC priced $5.14 million of 0% trigger jump securities due Dec. 27, 2027 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is zero or positive, the payout at maturity will be par plus the greater of that index's return and 47.5%.
Investors will receive par if the worst performing index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes below the trigger 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: | Trigger jump securities
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $5,142,000
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Maturity: | Dec. 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is zero or positive, par plus greater of return of worst performer and 47.5%; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 2,017.065 for Russell 2000, 4,746.75 for S&P 500
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Upside payment: | 47.5%
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Trigger: | 1,512.799 for Russell 2000, 3,560.063 for S&P 500, 75% of initial level
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61775M2F2
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