Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.44 million trigger PLUS linked to basket of indexes, ETF
Chicago, Nov. 18 – Morgan Stanley Finance LLC priced $1.44 million of 0% trigger Performance Leveraged Upside Securities due March 9, 2027 linked to a basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 40% weight, the S&P 500 index with a 30% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 123.5% of the basket return. If the basket declines by 35% or less, the payout will be par. If the basket declines by more than 35%, investors will lose 1% for every 1% that the basket declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying assets: | Russell 2000 index (40% weight), S&P 500 index (30% weight), Euro Stoxx 50 index (20% weight), iShares MSCI Emerging Markets ETF (10% weight)
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| Amount: | $1,436,000
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| Maturity: | March 9, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than initial level, par plus 123.5% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
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| Initial levels: | 2,000.90 for Russell, 4,328.87 for S&P, 3,556.01 for Stoxx, $44.62 for ETF
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| Trigger level: | 65% of initial level
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| Pricing date: | March 4
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| Settlement date: | March 9
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61773QHC6
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