Published on 3/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $21.62 million leveraged basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, March 17 – Morgan Stanley Finance LLC priced $21.62 million of 0% leveraged notes due March 17, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix 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 notes are guaranteed by Morgan Stanley.
If the basket return is positive, the payout will be par plus 231% of the gain.
Investors will share in any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight), S&P/ASX 200 (8% weight)
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Amount: | $21,617,000
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Maturity: | March 17, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, payout will be par plus 231% of the gain; otherwise, full exposure to losses
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Initial index levels: | 3,741.1 for Stoxx, 1,812.28 for Topix, 7,193.47 for FTSE, 11,678.94 for Swiss, 7,149.403 for S&P/ASX
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Pricing date: | March 14
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Settlement date: | March 21
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 5%
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Cusip: | 61773QPE3
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