Published on 8/12/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.16 million trigger PLUS tied to S&P 500
By Kiku Steinfeld
Chicago, Aug. 12 – Morgan Stanley Finance LLC priced $1.16 million of 0% trigger Performance Leveraged Upside Securities due July 21, 2026 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.
The payout at maturity will be par plus 200% of any index gain, capped at $1,500 per each $1,000 principal amount of notes.
Investors will receive par if the index falls up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,156,000
|
| Maturity date: | July 21, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at $1,500 per each $1,000 principal amount of notes; par if index falls by up to 30%; otherwise, full exposure to losses
|
| Initial level: | 4,327.16
|
| Trigger level: | 3,029.012, 70% of the initial price
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61773FGR8
|
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