Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $392,000 market-linked notes linked to indexes
Chicago, Feb. 13 – Morgan Stanley Finance LLC priced $392,000 of 0% market-linked notes due June 6, 2028 linked to the worst performing of the Dow Jones industrial average, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index return is positive, the payout at maturity will be par plus 35%. 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 indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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Amount: | $392,000
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Maturity: | June 6, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index return is positive, par plus 35%; minimum payout of par
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Initial levels: | 33,061.57 for Dow, 14,441.51 for Nasdaq, 4,221.02 for S&P
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Upside payment: | 35%
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Pricing date: | June 1, 2023
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Settlement date: | June 6, 2023
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.125%
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Cusip: | 61774XT78
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