Published on 2/19/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.02 million PLUS linked to S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Feb. 19 – Morgan Stanley Finance LLC priced $1.02 million of 0% Performance Leveraged Upside Securities due Feb. 9, 2026 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If both indexes finish above their initial levels, the payout at maturity will be par plus 5 times the gain of the least performing index, capped at par plus 72%.
Investors will be exposed to any losses of the least performing index.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying indexes: | Russell 2000, Nasdaq-100 and S&P 500
|
Amount: | $1,022,000
|
Maturity: | Feb. 9, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 5 times any gain of least performing index, capped at par plus 72%; exposure to any losses of least performer
|
Initial levels: | 3,830.17 for S&P, 2,159.703 for Russell, 13,402.37 for Nasdaq
|
Pricing date: | Feb. 4
|
Settlement date: | Feb. 9
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.85%
|
Cusip: | 61771E5B0
|
|
© 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.