Published on 6/10/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.02 million market-linked notes on index basket
By William Gullotti
Buffalo, N.Y., June 10 – Morgan Stanley Finance LLC priced $2.02 million of 0% market-linked notes due June 4, 2027 linked to an equally-weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any basket gain, subject to a maximum payout of par plus 45%.
If the basket declines, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average; equal weights
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Amount: | $2.02 million
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Maturity: | June 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain capped at 45%; otherwise, par
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Initial levels: | 4,132.15 for S&P, 1,864.043 for Russell, 32,990.12 for Dow
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Pricing date: | May 31
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Settlement date: | June 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61774DNB9
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