Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $550,000 market-linked securities tied to S&P, Russell
Chicago, April 19 – Morgan Stanley Finance LLC priced $550,000 of market-linked securities – contingent fixed return and fixed percentage buffered downside due July 25, 2025 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 11% if both indexes finish above 85% of their initial levels.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 15% buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and Wells Fargo Securities are the agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked securities – contingent fixed return and fixed percentage buffered downside
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $550,000
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Maturity: | July 25, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 11% if both indexes finish above threshold levels; otherwise, 1% loss for each 1% decline beyond 15% buffer
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Initial levels: | 4,850.43 for S&P, 1,983.381 for Russell
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Buffer levels: | 4,122.8655 for S&P, 1,685.87385 for Russell; 85% of initial levels
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Upside payment: | 11%
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Pricing date: | Jan. 22
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Settlement date: | Jan. 25
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Agents: | Morgan Stanley & Co. LLC and Wells Fargo Securities
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Fees: | 2.325%
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Cusip: | 61771WNE4
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