Published on 7/8/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 Buffered PLUS linked to Dow, S&P, Russell
By Kiku Steinfeld
Chicago, July 8 – Morgan Stanley Finance LLC priced $250,000 of 0% Buffered Performance Leveraged Upside Securities due Dec. 28, 2026 linked to the Dow Jones industrial average, S&P 500 index and Russell 2000 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 105% of the return of that index. Investors will receive par if the worst performing index declines by 25% or less and will lose 1% for every 1% that the worst performing index declines beyond 25%.
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: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
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Amount: | $250,000
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Maturity: | Dec. 28, 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 105% of that index's return; par if worst performing index declines by 25% or less; 1% loss for every 1% that worst performing index declines beyond 25%
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Initial levels: | 35,753.89 for Dow, 2,221.903 for Russell, 4,696.56 for S&P
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Buffer level: | 26,815.418 for Dow, 1,666.427 for Russell, 3,522.42 for S&P, 75% of initial levels
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Upside leverage: | 105%
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Cap: | None
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773HLE7
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