Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 Buffered PLUS linked to Russell 2000, S&P 500
New York, April 29 – Morgan Stanley Finance LLC priced $250,000 of 0% Buffered Performance Leveraged Upside Securities due Oct. 5, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 125% of the return of that index subject to a maximum return of par plus 23.5%. Investors will receive par if the worst performing index declines by 10% or less and will lose 1% for every 1% that the worst performing index declines beyond 10%.
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: | Buffered Performance Leveraged Upside Securities
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $250,000
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Maturity: | Oct. 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 125% of that index's return subject to a maximum return of par plus 23.5%; par if worst performing index declines by 10% or less; 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 2,204.372 for Russell 2000 index, 4,307.54 for S&P 500 index
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Buffer level: | 1,983.935 for Russell 2000 index, 3,876.786 for S&P 500 index, 90% of initial level
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Upside leverage: | 125%
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Cap: | 23.5%
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61773FTT0
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