Published on 7/26/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $25.22 million PLUS linked to S&P 500
Chicago, July 26 – Morgan Stanley Finance LLC priced $25.22 million of 0% Performance Leveraged Upside Securities due Aug. 17, 2022 linked to the S&P 500 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 300% of the index return, subject to a maximum return of par plus 11.5%. Investors will be fully exposed to any losses.
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: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $25,217,000
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Maturity: | Aug. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to par plus 11.5% maximum return; full exposure to any decline
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Initial level: | 4,258.49
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Pricing date: | July 20
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Settlement date: | July 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.1%
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Cusip: | 61773FHS5
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