E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/24/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.96 million Buffered PLUS linked to Euro Stoxx 50

New York, March 24 – Morgan Stanley Finance LLC priced $1.96 million of 0% Buffered PLUS due Oct. 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 40.35%.

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
Guarantor:Morgan Stanley
Issue:Buffered PLUS
Underlying index:Euro Stoxx 50 index
Amount:$1,955,000
Maturity:Oct. 3, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 40.35%; par if index declines by 15% or less; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:4,064.99
Buffer:15%
Buffer level:3,455.242, 85% of initial level
Upside leverage:200%
Cap:40.35%
Pricing date:March 17
Settlement date:March 22
Agent:Morgan Stanley & Co. LLC
Fees:3% including a structuring fee of 0.5%
Cusip:61774U588

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.