Published on 5/5/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.05 million Buffered PLUS linked to indexes, ETF
By Kiku Steinfeld
Chicago, May 5 – Morgan Stanley Finance LLC priced $1.05 million of 0% Buffered Performance Leveraged Upside Securities due Oct. 4, 2023 linked to the Nasdaq-100 index, S&P 500 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the lowest asset return is positive, the payout at maturity will be par plus 150% of that return, capped at 21%. Investors will receive par if the worst performing asset declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underliers: | Nasdaq-100 index, S&P 500 index and iShares MSCI EAFE ETF
|
Amount: | $1,052,000
|
Maturity: | Oct. 4, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing asset is positive, par plus 150% of that asset's return, capped at 21%; par if worst performing asset declines by 20% or less; 1% loss for every 1% that worst performing asset declines beyond 20%
|
Initial levels: | $78.32 for ETF, 14,752.89 for Nasdaq, 4,359.46 for S&P
|
Buffer levels: | $62.656 for ETF, 11,802.312 for Nasdaq, 3,487.568 for S&P, 80% of initial levels
|
Upside leverage: | 150%
|
Cap: | 0%
|
Pricing date: | Sept. 29, 2021
|
Settlement date: | Oct. 4, 2021
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 61773FM83
|
|
© 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.