Published on 6/9/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 buffered PLUS on Nasdaq-100
By Sarah Lizee
Olympia, Wash., June 9 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due June 5, 2025 linked to the Nasdaq-100 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 130% of the index gain, capped at par plus 48%. Investors will receive par if the index finishes flat or declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
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 Performance Leveraged Upside Securities
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Underlying index: | Nasdaq-100
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Amount: | $500,000
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Maturity: | June 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at par plus 48%; par if index declines by buffer level or less; 1% loss for every 1% index decline beyond buffer
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Initial level: | 9,598.888
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Buffer level: | 7,679.11, 80% of initial level
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Pricing date: | June 1
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Settlement date: | June 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61771BLA0
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