Published on 11/21/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $642,250 buffered PLUS linked to Euro Stoxx 50
By Taylor Fox
New York, Nov. 23 – Morgan Stanley Finance LLC priced $642,250 of 0% buffered Performance Leveraged Upside Securities due May 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 15.3%. Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a selected dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $642,250
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Maturity: | May 4, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 15.3%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10%
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Initial level: | 2,958.21
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Buffer level: | 2,662.389, 90% of initial level
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | Morgan Stanley & Co. LLC
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 61771D852
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