Published on 10/3/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $494,000 enhanced trigger jump securities on S&P, Russell
By Sarah Lizee
Olympia, Wash., Oct. 3 – Morgan Stanley Finance LLC priced $494,000 of 0% enhanced trigger jump securities due March 29, 2021 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the upside payment of 11.3%.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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: | Russell 2000 index, S&P 500 index
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Amount: | $494,000
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Maturity: | March 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index ends at or above downside threshold, par plus 11.3%; otherwise, par plus return of worst performing index
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Initial levels: | 1,559.765 for Russell, 2,992.07 for S&P
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Triggers: | 1,169.824 for Russell, 2,244.053 for S&P; 75% of initial levels
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Pricing date: | Sept. 20
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Settlement date: | Sept. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HUC7
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