Published on 3/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley adds $135,000 buffered PLUS linked to Nasdaq, S&P, EAFE
Chicago, March 28 – Morgan Stanley Finance LLC priced $135,000 more 0% buffered Performance Leveraged Upside Securities due April 30, 2026 linked to the worst performing of the Nasdaq-100 index, the S&P 500 index and the MSCI EAFE 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 118% of the return of that index. Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index declines beyond 20%.
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: | Nasdaq-100 index, S&P 500 index and MSCI EAFE index
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Amount: | $135,000
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Maturity: | April 30, 2026
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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 118% of that index's return; par if worst performing index declines by 20% or less; 1% loss for every 1% that worst performing index declines beyond 20%
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Initial levels: | 2,289.83 for MSCI EAFE, 13,960.28 for Nasdaq-100, 4,186.72 for S&P 500
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Buffer levels: | 1,831.864 for MSCI EAFE, 11,168.224 for Nasdaq-100, 3,349.376 for S&P 500, 80% of initial levels
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Upside leverage: | 118%
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Cap: | None
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Pricing date: | April 27, 2021
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Settlement date: | April 30, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.75%
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Total issue size: | $385,000 with notes issued April 29, 2021
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Cusip: | 61771VSA9
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