Published on 3/15/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $750,000 enhanced buffered jump notes on Petrobras
By Kiku Steinfeld
Chicago, March 15 – Morgan Stanley Finance LLC priced $750,000 of 0% enhanced buffered jump securities due Sept. 29, 2023 linked to the American Depositary Shares of Petróleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes at or above its 70% buffer level, the payout at maturity will be par plus 35.5%.
Otherwise, investors will lose 1.4286% for every 1% decline beyond 30%.
Morgan Stanley & Co. LLC is the agent and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA is the placement agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced buffered jump securities
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Underlying stock: | Petróleo Brasileiro SA (NYSE: PBR)
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Amount: | $750,000
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Maturity: | Sept. 29, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above buffer level, par plus 35.5%; otherwise, 1.4286% loss for every 1% decline beyond 30%
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Initial level: | $13.90
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Buffer level: | 70% of initial level
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Pricing date: | Sept. 13, 2022
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Settlement date: | Sept. 15, 2022
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Agents: | Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agent
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Fees: | 1%
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Cusip: | 61774HCV8
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