Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.25 million Trigger PLUS linked to Euro Stoxx 50
New York, April 26 – Morgan Stanley Finance LLC priced $3.25 million of 0% Trigger PLUS due April 5, 2029 linked to the Euro Stoxx 50 index, 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 176% of the index return.
Investors will receive par if the index return is negative but ends at or above the 65% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger PLUS
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,246,500
|
| Maturity: | April 5, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 176% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 4,315.05
|
| Trigger level: | 2,804.783, 65% of initial level
|
| Upside leverage: | 176%
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5% including a structuring fee of 0.5%
|
|
|
| Cusip: | 61774U760
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
