Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $15.6 million Buffered PLUS linked to Dow, S&P
New York, May 26 – Morgan Stanley Finance LLC priced $15.6 million of 0% Buffered PLUS due May 29, 2025 linked to the Dow Jones industrial average and 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 111.25% of the return of that index. Investors will receive par if the worst performing index declines by 30% or less and will lose 1% for every 1% that the worst performing index declines beyond 30%.
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 and S&P 500 index
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Amount: | $15,596,000
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Maturity: | May 29, 2025
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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 111.25% of that index's return; par if worst performing index declines by 30% or less; 1% loss for every 1% that worst performing index declines beyond 30%
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Initial levels: | 31,880.24 for Dow Jones industrial average, 3,973.75 for S&P 500
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Buffer level: | 22,316.168 for Dow Jones industrial average, 2,781.625 for S&P 500 index, 70% of initial level
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Upside leverage: | 111.25%
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Cap: | None
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Pricing date: | May 23
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Settlement date: | May 26
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774DFX0
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