Published on 2/6/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.1 million PLUS linked to S&P, Russell, Nasdaq
New York, Feb. 6 – Morgan Stanley Finance LLC priced $1.1 million of 0% PLUS due Feb. 6, 2025 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 163% of the return of that index.
Investors will be fully exposed to any decline of the worst performing index.
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, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,102,000
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| Maturity: | Feb. 6, 2025
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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 163% of that index's return; otherwise, 1% loss for every 1% that worst performing index declines
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| Initial levels: | 12,363.10 for Nasdaq-100, 1,960.814 for Russell 2000, 4,119.21 for S&P 500
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| Upside leverage: | 163%
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61774TUQ3
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