Published on 6/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $948,000 Buffered PLUS linked to Dow, S&P, Russell
New York, June 28 – Morgan Stanley Finance LLC priced $948,000 of 0% Buffered PLUS due July 29, 2027 linked to the Dow Jones industrial average, S&P 500 index and Russell 2000 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 117% 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
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered PLUS
|
Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
|
Amount: | $948,000
|
Maturity: | July 29, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 117% 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%
|
Initial levels: | 31,761.54 for Dow Jones industrial average, 1,805.246 for Russell 2000, 3,921.05 for S&P 500
|
Buffer level: | 22,233.078 for Dow Jones industrial average, 1,263.672 for Russell 2000 index, 2,744.735 for S&P 500 index, 70% of initial level
|
Upside leverage: | 117%
|
Cap: | None
|
Pricing date: | July 26, 2022
|
Settlement date: | July 29, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.25%
|
Cusip: | 61774DVM6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.