New York, Dec. 13 – Morgan Stanley Finance LLC priced $10 million of 0% enhanced trigger jump securities due Jan. 21, 2025 linked to the West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or ends above the 60% downside threshold the payout at maturity will be par plus 13.85%. Investors will lose 1% for every 1% that the commodity 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 commodity: | West Texas Intermediate light sweet crude oil futures contracts
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Amount: | $10 million
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Maturity: | Jan. 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity finishes at or above downside threshold level, par plus 13.85%; 1% loss for every 1% that commodity declines if it finishes below downside threshold level
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Initial level: | $77.77
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Upside payment: | 13.85%
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Downside threshold: | $46.662, 60% of initial level
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774FCS9
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