Published on 11/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $9.94 million capped leveraged buffered notes tied to index basket
Chicago, Nov. 28 – Morgan Stanley Finance LLC priced $9.94 million of 0% capped leveraged buffered basket-linked notes due Sept. 18, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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 a 9% weight.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum settlement amount of $1,411.30 per $1,000 principal amount of notes.
Otherwise, investors will be fully exposed to the losses of the basket.
The notes are guaranteed by Morgan Stanley.
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 basket-linked notes
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Underlying basket: | Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
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Amount: | $9,942,000
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Maturity: | Sept. 18, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 300% of basket return, subject to maximum return of 41.13%; otherwise, full exposure to losses of basket
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Initial levels: | 4,331.90 for Stoxx, 2,367.79 for Tokyo, 7,481.99 for FTSE, 10,782.23 for Swiss, 7,078.207 for ASX
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Pricing date: | Nov. 21
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Settlement date: | Nov. 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.84%
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Cusip: | 61775MB70
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