Published on 4/21/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 leveraged buffered notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., April 21 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 2, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 177% of the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 80% of the initial level, the payout will be par.
If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | Euro Stoxx 50
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| Amount: | $250,000
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| Maturity: | June 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 177% of index return; if final index level is less than or equal to initial index level but greater than or equal to threshold level, par; if final index level is less than threshold level, 1% loss for every 1% that index declines beyond 20%
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| Initial level: | 3,808.86
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| Threshold level: | 3,047.088, or 80% of initial level
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| Pricing date: | May 27, 2022
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| Settlement date: | June 2, 2022
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| Agents: | Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 4.42%
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| Cusip: | 61773Q5H8
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