Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.53 million PLUS linked to S&P 500, Russell 2000
New York, Dec. 15 – Morgan Stanley Finance LLC priced $1.53 million of 0% PLUS due Dec. 12, 2024 linked to the S&P 500 index and the 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 185% of the return of that index, subject to a maximum return of par plus 60%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | PLUS
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $1,534,000
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| Maturity: | Dec. 12, 2024
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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 185% of that index's return, subject to a maximum return of par plus 60%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 1,796.661 for Russell 2000, 3,934.38 for S&P 500
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| Upside leverage: | 185%
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| Cap: | 60%
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61774HW53
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