Published on 1/10/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.82 million enhanced trigger jump securities on WTI light crude
By William Gullotti
Buffalo, N.Y., Jan. 10 – Morgan Stanley Finance LLC priced $1.82 million of 0% enhanced trigger jump securities due Jan. 10, 2024 linked to the West Texas Intermediate Light Sweet Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final commodity level is greater than or equal to the downside threshold level, 70% of the initial commodity level, the payout at maturity will be par plus 19.5%. Otherwise, investors will lose 1% for every 1% that the commodity declines from its initial level.
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 commodity: | West Texas Intermediate Light Sweet Crude Oil Futures Contracts
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Amount: | $1,816,000
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Maturity: | Jan. 10, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final commodity level is greater than or equal to downside threshold level, par plus 19.5%; otherwise, 1% loss for every 1% that commodity declines from initial level
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Initial commodity level: | $78.96
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Downside threshold: | $55.272, 70% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Jan. 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61774FAX0
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