Published on 1/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.41 million PLUS linked to Stoxx
Kiku Steinfeld
Chicago, Jan. 2 – Morgan Stanley Finance LLC priced $3.41 million of 0% Performance Leveraged Upside Securities due March 3, 2023 linked to the Euro Stoxx 50 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 gain subject to a maximum return of par plus 15.7%. Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management acting as a selected dealer.
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: | Euro Stoxx 50 index
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Amount: | $3,412,300
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Maturity: | March 3, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of gain, capped at 15.7%; 1% loss for every 1% that index declines
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Initial level: | 4,063.06
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Cap: | 15.7%
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as selected dealer
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Fees: | 2.25%
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Cusip: | 61773G796
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