Published on 2/27/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.13 million Buffered PLUS linked to Tokyo Stock Price
New York, Feb. 27 – Morgan Stanley Finance LLC priced $1.13 million of 0% Buffered PLUS due Feb. 25, 2028 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 201% of the index return.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
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 PLUS
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Underlying index: | Tokyo Stock Price index
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Amount: | $1,125,000
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Maturity: | Feb. 25, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 201% of index return; par if index declines by 15% or less; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial level: | 2,627.30
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Buffer: | 15%
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Buffer level: | 2,233.205, 85% of initial level
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Upside leverage: | 201%
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Pricing date: | Feb. 21
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Settlement date: | Feb. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.75%
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Cusip: | 61771WK56
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