Published on 8/31/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.34 million market-linked notes linked to Dow Jones
New York, Aug. 31 – Morgan Stanley Finance LLC priced $3.34 million of 0% market-linked notes due Aug. 31, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 50%. Otherwise investors will receive par.
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: | Market-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $3,341,000
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Maturity: | Aug. 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 100% of index return subject to a maximum return of par plus 50%; minimum payout of par
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Initial level: | 34,559.98
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Upside leverage: | 100%
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Cap: | 50%
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.25%
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Cusip: | 61775HSG3
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