Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4 million Buffered PLUS linked to Stoxx index, EAFE ETF
New York, June 30 – Morgan Stanley Finance LLC priced $4 million of 0% Buffered PLUS due June 27, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If worst performing asset return is positive, the payout at maturity will be par plus 200% of that asset’s return.
Investors will receive par if worst performer declines by 7% or less and will lose 1% for every 1% that it declines beyond 7%.
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: | Buffered PLUS
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $3,999,000
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| Maturity: | June 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing asset is positive, par plus 200% of that asset's return; par if worst performing asset declines by 7% or less; otherwise, 1% loss for every 1% that worst performing asset declines beyond 7%
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| Initial level: | $63.77 for iShares MSCI EAFE ETF, 3,533.17 for Euro Stoxx 50
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| Buffer level: | $59.306 for iShares MSCI EAFE ETF, 3,285.848 for Euro Stoxx 50, 93% of initial level
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| Upside leverage: | 200%
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61774DSU2
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