Published on 12/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $510,000 Buffered PLUS linked to Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, Dec. 12 – Morgan Stanley Finance LLC priced $510,000 of 0% Buffered PLUS due April 16, 2026 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, 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 208% of the index return. 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
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Guarantor: | Morgan Stanley
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Issue: | Buffered PLUS
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Underlying index: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $510,000
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Maturity: | April 16, 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 asset is positive, par plus 208% of that asset's return; par if worst performing asset declines by 15% or less; 1% loss for every 1% that worst performing asset declines beyond 15%
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Initial level: | $72.12 for iShares, 3,839.62 for Euro Stoxx
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Buffer level: | $61.302 for iShares, 3,263.677 for Euro Stoxx, 85% of initial level
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Upside leverage: | 208%
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Cap: | None
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Pricing date: | April 11
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Settlement date: | April 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773QL72
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