Published on 10/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $32.75 million digital basket-linked notes on weighted index basket
By William Gullotti
Buffalo, N.Y., Oct. 18 – Morgan Stanley Finance LLC priced $32.75 million of 0% digital basket-linked notes due Oct. 16, 2025 linked a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket return is greater than or equal to 90% of the initial level, the payout at maturity will be par plus 43.9%.
Otherwise, investors will lose 1.1111% for every 1% that the basket declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Digital basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
|
| Amount: | $32,745,000
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| Maturity: | Oct. 16, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket return is greater than or equal to 90% of the initial level, par plus 43.9%; otherwise, investors will lose 1.1111% for every 1% that the basket declines beyond 10%
|
| Initial levels: | 3,340.35 for Euro Stoxx, 1,871.24 for Tokyo, 6,885.23 for FTSE, 10,207.83 for Swiss Market, 6,644.987 for S&P/ASX
|
| Threshold level: | 90% of initial basket level
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| Pricing date: | Oct. 11
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| Settlement date: | Oct. 18
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
|
| Cusip: | 61774HVK1
|
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