Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.11 million accelerated return securities linked to gold ETF
Chicago, May 17 – Morgan Stanley Finance LLC priced $1.11 million of 0% accelerated return securities due Oct. 26, 2026 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the fund is positive, the payout at maturity will be par plus 150% of the fund return subject to a maximum return of par plus 142.5%. Investors will lose 1% for every 1% that the fund declines.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Accelerated return securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,111,000
|
| Maturity: | Oct. 26, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus 150% of fund return subject to a maximum return of par plus 142.5%; 1% loss for every 1% that fund declines
|
| Initial level: | $32.73
|
| Upside leverage: | 150%
|
| Cap: | 142.5%
|
| Pricing date: | Oct. 21, 2021
|
| Settlement date: | Oct. 26, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61773F6A6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
