Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $601,000 Buffered PLUS linked to Euro Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, March 7 – Morgan Stanley Finance LLC priced $601,000 of 0% Buffered PLUS due Nov. 27, 2026 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, 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 195% of the index return. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it 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 index: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $601,000
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Maturity: | Nov. 27, 2026
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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 195% 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 level: | $65.56 for ETF, 3,929.90 for Euro Stoxx
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Buffer level: | $59.004 for ETF, 3,536.91 for Euro Stoxx, 90% of initial level
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Upside leverage: | 195%
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Cap: | None
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Pricing date: | Nov. 22, 2022
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Settlement date: | Nov. 28, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61774HF45
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