Published on 8/11/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.18 million leveraged buffered basket-linked notes
By William Gullotti
Buffalo, N.Y., Aug. 11 – Morgan Stanley Finance LLC priced $4.18 million of 0% leveraged buffered basket-linked notes due Aug. 12, 2024 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 Tokyo Stock Price index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.
The notes are guaranteed by Morgan Stanley.
If the basket return is positive, the payout will be par plus 117% of the gain.
If the basket finishes flat or declines no more than 20%, the payout will be par. Otherwise, investors will lose 1.25% for every 1% decline of the basket beyond 20%.
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 buffered basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 (36% weight), Tokyo Stock Price (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight), S&P/ASX 200 (9% weight)
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| Amount: | $4.18 million
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| Maturity: | Aug. 12, 2024
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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 117% of the gain; if the basket declines up to 20%, par; otherwise, 1.25% loss for every 1% decline of the basket beyond 20%
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| Initial index levels: | 3,757.22 for Euro Stoxx 50, 1,951.41 for Tokyo, 7,482.37 for FTSE 100, 11,166.32 for Swiss Market, 7,020.622 for S&P/ASX 200
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| Buffer level: | 80% of initial level
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61774D2B2
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