Published on 6/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.28 million Buffered PLUS on S&P, Dow, Russell
New York, June 3 – Morgan Stanley Finance LLC priced $1.28 million of 0% Buffered PLUS due May 28, 2027 linked to the Dow Jones industrial average, the S&P 500 index and Russell 2000 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 118% of the return of that index.
Investors will receive par if the worst performing index declines by 25% or less and will lose 1% for every 1% that the worst performing index declines beyond 25%.
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: | Buffered PLUS
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Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
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Amount: | $1,284,000
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Maturity: | May 28, 2027
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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 118% of that index's return; par if worst performing index declines by 25% or less; 1% loss for every 1% that worst performing index declines beyond 25%
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Initial levels: | 32,120.28 for Dow Jones industrial average, 1,799.164 for Russell 2000, 3,978.73 for S&P 500
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Buffer level: | 24,090.21 for Dow Jones industrial average, 1,349.373 for Russell 2000, 2,984.048 for S&P 500, 75% of initial level
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Upside leverage: | 118%
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Cap: | None
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.245%
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Cusip: | 61773Q3B3
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