Published on 5/16/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $296,000 trigger PLUS linked to Stoxx, EAFE ETF
Chicago, May 16 – Morgan Stanley Finance LLC priced $296,000 of 0% trigger PLUS due June 22, 2027 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing asset is positive, the payout at maturity will be par plus 236.75% of the return of the worst performing asset. Investors will receive par if the return of the worst performing asset is negative but ends at or above the 65% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
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: | Trigger PLUS
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $296,000
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Maturity: | June 22, 2027
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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 236.75% of the gain of the worst performing asset; par if worst performing asset declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing asset finishes below trigger level
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Initial levels: | $61.73 for EAFE ETF, 3,427.9 for Stoxx
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Trigger levels: | $40.125 for EAFE ETF, 2,228.142 for Stoxx, 65% of initial levels
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Upside leverage: | 236.75%
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Cap: | None
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Pricing date: | June 16, 2022
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Settlement date: | June 22, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.55%
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Cusip: | 61774DPT8
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