Published on 3/8/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 trigger PLUS linked to Stoxx, EAFE index
Chicago, March 8 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger PLUS due May 18, 2027 linked to the worst performing of the Euro Stoxx 50 index and MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 260% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
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: | Trigger PLUS
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Underlying indexes: | Euro Stoxx 50 index and MSCI EAFE index
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Amount: | $500,000
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Maturity: | May 18, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 260% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
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Initial levels: | 1,942.38 for MSCI EAFE, 3,703.42 for Stoxx
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Trigger level: | 1,359.666 for MSCI EAFE, 2,592.394 for Stoxx, 70% of initial levels
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Upside leverage: | 260%
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Cap: | None
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Pricing date: | May 13, 2022
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Settlement date: | May 18, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61774DCE5
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