New Issue: Morgan Stanley prices $400,000 buffered PLUS linked to S&P 500 ETF

Chicago, Nov. 27 – Morgan Stanley Finance LLC priced $400,000 of 0% buffered PLUS due Oct. 26, 2026 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the ETF is positive, the payout at maturity will be par plus 140% of the ETF return subject to a maximum return of par plus 80%. Investors will receive par if the ETF 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 PLUS
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$400,000
Maturity:	Oct. 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 140% of ETF return subject to a maximum return of par plus 80%; par if ETF declines by 20% or less; 1% loss for every 1% that ETF declines beyond 20%
Initial level:	$374.29
Buffer level:	$299.432, 80% of initial level
Buffer:	20%
Upside leverage:	140%
Cap:	80%
Pricing date:	Oct. 21, 2022
Settlement date:	Oct. 26, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61774HSU3

© 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.