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Published on 5/5/2021 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $82.1 million leveraged notes on index basket

By Marisa Wong

Los Angeles, May 5 – Morgan Stanley Finance LLC priced $82.1 million of 0% leveraged notes due Nov. 2, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 136.25% of any basket gain. Investors will be fully exposed to any basket decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Leveraged notes
Underlying basket:Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
Amount:$82.1 million
Maturity:Nov. 2, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 136.25% of any basket gain; full exposure to losses
Initial levels:3,974.74 for Euro Stoxx, 1,898.24 for Topix, 6,969.81 for FTSE, 11,022.34 for Swiss Market and 7,025.817 for S&P/ASX
Pricing date:April 30
Settlement date:May 7
Agent:Morgan Stanley & Co. LLC
Fees:1.51%
Cusip:61771VA75

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