Published on 10/8/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $700,000 Buffered PLUS linked to Dow, S&P 500
By Kiku Steinfeld
Chicago, Oct. 9 – Morgan Stanley Finance LLC priced $700,000 of 0% Buffered PLUS due March 28, 2028 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 132.5% of the return of that index. Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 and S&P 500 index
|
Amount: | $700,000
|
Maturity: | March 28, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 132.5% of that index's return; par if worst performing index declines by 20% or less; 1% loss for every 1% that worst performing index declines beyond 20%
|
Initial levels: | 32,105.25 for Dow, 3,948.72 for S&P
|
Buffer levels: | 25,684.20 for Dow, 3,158.976 for S&P, 80% of initial level
|
Upside leverage: | 132.5%
|
Cap: | None
|
Pricing date: | March 23, 2023
|
Settlement date: | March 28, 2023
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 61774T6G2
|
|
© 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.