Published on 7/3/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $11.53 million Trigger PLUS linked to Euro Stoxx 50
New York, July 3 – Morgan Stanley Finance LLC priced $11.53 million of 0% Trigger PLUS due July 3, 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 190% 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: | $11.53 million
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Maturity: | July 3, 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 190% 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: | 4,344.75
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Trigger level: | 2,824.088, 65% of initial level
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Upside leverage: | 190%
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Cap: | None
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5% including a structuring fee of 0.5%
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Cusip: | 61775HCM7
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