Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $410,000 Trigger PLUS linked to Russell 2000, S&P 500
New York, Dec. 4 – Morgan Stanley Finance LLC priced $410,000 of 0% Trigger Performance Leveraged Upside Securities due March 31, 2026 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 300% of the return of the worst performing index subject to a maximum return of par plus 43%. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
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: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Russell 2000 index and S&P 500 index
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Amount: | $410,000
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Maturity: | March 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 300% of the gain of the worst performing index subject to a maximum return of par plus 43%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% index decline if worst performing index finishes below trigger level
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Initial level: | 2,221.482 for Russell 2000 index, 3,974.54 for S&P 500 index
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Trigger level: | 1,555.037 for Russell 2000 index, 2,782.178 for S&P 500 index, 70% of initial level
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Upside leverage: | 300%
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Cap: | 43%
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61771VCR9
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