Published on 4/24/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $893,000 buffered participation notes linked to Russell, Nasdaq
By Kiku Steinfeld
Chicago, April 25 – Morgan Stanley Finance LLC priced $893,000 of 0% Buffered participation securities due Oct. 1, 2026 linked to the Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the return of that index subject to a maximum return of par plus 48%. Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 participation securities
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Underlying indexes: | Russell 2000 index and Nasdaq-100 index
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Amount: | $893,000
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Maturity: | Oct. 1, 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 index is positive, par plus that index's return subject to a maximum return of par plus 48%; par if worst performing index declines by 20% or less; 1% loss for every 1% that worst performing index declines beyond 20%
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Initial levels: | 15,204.83 for Nasdaq, 2,281.003 for Russell
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Buffer level: | 12,163.864 for Nasdaq, 1,824.802 for Russell, 80% of initial level
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Pricing date: | Sept. 27, 2021
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Settlement date: | Sept. 30, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.25%
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Cusip: | 61773FVF7
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