Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million buffered PLUS linked to Dow, Nasdaq, S&P
New York, May 26 – Morgan Stanley Finance LLC priced $1 million of 0% buffered PLUS due May 25, 2027 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 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 157% of the return of that index.
Investors will receive par if the worst performing index declines by 25% or less and will lose 1.3333% for every 1% that the worst performing index declines beyond 25%.
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 PLUS
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $1 million
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Maturity: | May 25, 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 157% of that index's return; par if worst performing index declines by 25% or less; otherwise, 1.3333% loss for every 1% that worst performing index declines beyond 25%
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Initial levels: | 31,261.90 for Dow Jones industrial average, 11,835.62 for Nasdaq-100, 3,901.36 for S&P 500
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Buffer level: | 23,446.425 for Dow Jones industrial average, 8,876.715 for Nasdaq-100 index, 2,926.02 for S&P 500 index, 75% of initial level
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Upside leverage: | 157%
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Cap: | None
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61774DEF0
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