Published on 6/20/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $295,000 0% dual directional buffered PLUS linked to indexes
New York, June 20 – Morgan Stanley Finance LLC priced $295,000 of 0% dual directional buffered PLUS due July 29, 2027 linked to the S&P 500 index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 137% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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: | Dual directional buffered PLUS
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Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
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Amount: | $295,000
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Maturity: | July 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 137% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than the 15% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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Upside leverage: | 137%
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Cap: | None
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Buffer: | 15%
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Buffer level: | 10,273.865 for Nasdaq-100 index, 1,534.459 for Russell 2000 index, 3,332.893 for S&P 500 index, 85% of initial level
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Call: | Non-callable
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Initial levels: | 12,086.90 for Nasdaq-100, 1,805.246 for Russell 2000, 3,921.05 for S&P 500
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Pricing date: | July 26, 2022
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Settlement date: | July 29, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.3%
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Cusip: | 61774DC47
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