Published on 8/18/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $897,000 7% fixed income securities linked to Russell, Nasdaq, S&P
Chicago, Aug. 18 – Morgan Stanley Finance LLC priced $897,000 of fixed income securities due July 24, 2025 linked to the worst performing of the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, paid monthly.
If the worst performing index gains or ends above the 60% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
The notes are non-callable.
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: | Fixed income securities
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Underlying indexes: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
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Amount: | $897,000
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Maturity: | July 24, 2025
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Coupon: | 7%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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Initial levels: | 12,619.41 for Nasdaq, 1,836.693 for Russell, 3,998.95 for S&P
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Downside threshold: | 7,571.646 for Nasdaq, 1,102.016 for Russell, 2,399.37 for S&P, 60% of initial levels
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Call: | Non-callable
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Pricing date: | July 21, 2022
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Settlement date: | July 26, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61774DD61
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