Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.35 million leveraged buffered index-linked notes on MSCI EAFE
By William Gullotti
Buffalo, N.Y., April 23 – Morgan Stanley Finance LLC priced $2.35 million of 0% leveraged buffered index-linked notes due Sept. 5, 2025 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 2.5 times the index gain, subject to a maximum return of par plus 19.75%.
Investors will receive par if the index falls by up to 12.5% and will share in losses at a rate of 1.1429% per 1% drop beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $2,347,000
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Maturity: | Sept. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2.5 times the index gain, capped at 19.75%; par if index falls by up to 12.5%; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
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Initial level: | 2,237.99
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Buffer level: | 1,958.24125; 87.5% of initial level
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Pricing date: | April 17
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Settlement date: | April 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61776LWC7
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