Published on 1/11/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $591,000 capped leveraged buffered notes on index basket
By William Gullotti
Buffalo, N.Y., Jan. 11 – Morgan Stanley Finance LLC priced $591,000 of 0% capped leveraged buffered notes due Oct. 18, 2023 linked to a weighted 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 a 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 140% of any basket gain, capped at 25.97%.
Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Tokyo Stock Price (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $591,000
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Maturity: | Oct. 18, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any basket gain, subject to a maximum payout of par plus 25.97%; par if basket falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
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Initial levels: | 4,178.08 for Stoxx, 1,934.2 for Tokyo, 7,125.78 for FTSE, 12,436.66 for Swiss, 7,502.982 for S&P/ASX
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Buffer level: | 87.5% of initial level
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Pricing date: | Aug. 24
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61773FQT3
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