Published on 2/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $3.26 million market-linked leveraged upside participation notes
By William Gullotti
Buffalo, N.Y., Feb. 3 – Morgan Stanley Finance LLC priced $3.26 million of 0% market-linked securities – leveraged upside participation and contingent downside due Aug. 3, 2026 linked to the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index’s final level is greater than its initial level, payout at maturity will be par plus 260% of the least performing index’s return.
Investors will receive par if any index falls by up to 25%. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked securities – leveraged upside participation and contingent downside
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Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600 index
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Amount: | $3,258,000
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Maturity: | Aug. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 260% of the return of the least performing index; par if any index falls by up to 25%; otherwise, full exposure to decline of worst performer from its initial level
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Initial levels: | 4,174.6 for Stoxx 50, 468.88 for Europe 600
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Threshold levels: | 3,130.95 for Stoxx 50, 351.66 for Europe 600; 75% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agents: | Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
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Fees: | 3.225%
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Cusip: | 61773HYU7
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