Published on 2/29/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.05 million market-linked notes tied to Stoxx, S&P
Chicago, Feb. 29 – Morgan Stanley Finance LLC priced $3.05 million of 0% market-linked notes due Feb. 7, 2029 linked to a basket comprised of the Euro Stoxx 50 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components have equal weights.
Investors will receive par plus 1.0425 times the return of the basket if the return is positive. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying basket: | Euro Stoxx 50 index and S&P 500 index, equal weights
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Amount: | $3,050,000
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Maturity: | Feb. 7, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.0425 basket return if positive; otherwise, par
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Initial levels: | 4,958.61 for S&P, 4,654.55 for Stoxx
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Upside leverage: | 104.25%
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61771WB80
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