New Issue: Morgan Stanley prices $487,000 enhanced buffered jump securities linked to S&P 500

By Kiku Steinfeld

Chicago, Jan. 11 – Morgan Stanley Finance LLC priced $487,000 of 0% enhanced buffered jump securities due Oct. 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or ends above the 85% buffer level, the payout at maturity will be par plus 28%.

Investors will lose 1% for every 1% that the index declines beyond 15% if it finishes below the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Enhanced buffered jump securities
Underlying index:	S&P 500 index
Amount:	$487,000
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, par plus 28%; 1% loss for every 1% that index declines beyond 15% if it finishes below the buffer level
Initial level:	4,071.63
Upside payment:	28%
Buffer level:	3,460.886, 85% of initial level
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	2.8%
Cusip:	61774XMR1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.