Published on 6/29/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $599,000 trigger PLUS linked to Stoxx
Chicago, June 29 – Morgan Stanley Finance LLC priced $599,000 of 0% trigger PLUS due June 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 174% 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
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Guarantor: | Morgan Stanley
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Issue: | Trigger PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $599,000
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Maturity: | June 5, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 174% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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Initial level: | 4,218.04
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Trigger level: | 2,741.726, 65% of initial level
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Upside leverage: | 174%
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Cap: | None
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61774XN41
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