Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $623,000 buffered participation securities on indexes
Chicago, Oct. 25 – Morgan Stanley Finance LLC priced $623,000 of 0% buffered participation securities due Feb. 26, 2027 linked to the Russell 2000 index and Dow Jones industrial average index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the return of that index. Investors will receive par if the worst performing index declines by 26% or less and will lose 1% for every 1% that the worst performing index declines beyond 26%.
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: | Buffered participation securities
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Underlying indexes: | Russell 2000 index and Dow Jones industrial average index
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Amount: | $623,000
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Maturity: | Feb. 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus that index's return; par if worst performing index declines by 26% or less; 1% loss for every 1% that worst performing index declines beyond 26%
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Initial levels: | 33,131.76 for Dow, 1,944.092 for Russell
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Buffer: | 26%
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Buffer level: | 24,517.502 for Dow, 1,438.628 for Russell, 74% of initial levels
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Upside leverage: | 100%
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Cap: | None
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.3%
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Cusip: | 61773H2H1
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