Published on 11/6/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $713,000 buffered PLUS linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – Morgan Stanley Finance LLC priced $713,000 of 0% buffered Performance Leveraged Upside Securities due Nov. 8, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 20%. Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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 Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $713,000
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Maturity: | Nov. 8, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 20%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10%
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Initial level: | 3,369.16
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Buffer level: | 3,032.244, 90% of initial level
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Pricing date: | Nov. 3
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Settlement date: | Nov. 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61771EHM3
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