Published on 1/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.37 million trigger PLUS linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Jan. 3 – Morgan Stanley Finance LLC priced $7.37 million of 0% trigger Performance Leveraged Upside Securities due Dec. 3, 2025 linked to the Euro Stoxx 50 index, 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 193% of the gain. Investors will receive par if the index falls but finishes at or above its 80% trigger and will lose 1% for every 1% decline if it ends below its trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management acting as a selected dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $7,369,890
|
| Maturity: | Dec. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.93 times any index gain; par if index declines but finishes at or above trigger level; 1% loss for every 1% index decline if index finishes below trigger level
|
| Initial level: | 4,063.06
|
| Trigger level: | 3,250.448, 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as selected dealer
|
| Fees: | 3%
|
| Cusip: | 61773G770
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