Published on 8/14/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.76 million enhanced trigger jump securities on Stoxx 600
Chicago, Aug. 14 – Morgan Stanley Finance LLC priced $1.76 million of 0% enhanced trigger jump securities due July 31, 2028 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above the 75% downside threshold, the payout at maturity will be par plus the greater of the index return and 35.25%. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold 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 index: | Stoxx Europe 600 index
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Amount: | $1,763,000
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Maturity: | July 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above downside threshold level, par plus greater of the index return and 35.25%; 1% loss for every 1% that index declines if it finishes below downside threshold level
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Initial level: | 465.46
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Downside threshold: | 349.095, 75% of initial level
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Upside payment: | 35.25%
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61775HJK4
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