Published on 1/10/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.08 million Buffered PLUS linked to Stoxx index, iShares ETF
New York, Jan. 10 – Morgan Stanley Finance LLC priced $1.08 million of 0% Buffered PLUS due Dec. 29, 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 each underlier return is positive, the payout at maturity will be par plus 185% of the laggard asset’s return.
Investors will receive par if the worst performer declines by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.
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: | $1,078,000
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| Maturity: | Dec. 29, 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 185% of that asset's return; par if worst performing asset declines by 10% or less; 1% loss for every 1% that worst performing asset declines beyond 10%
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| Initial levels: | $65.66 for iShares MSCI EAFE ETF, 3,823.29 for Euro Stoxx 50
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| Buffer levels: | $59.094 for iShares MSCI EAFE ETF, 3,440.961 for Euro Stoxx 50 index, 90% of initial levels
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| Upside leverage: | 185%
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61774H7F9
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