Published on 12/28/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.25 million PLUS linked to Dow, S&P
New York, Dec. 29 – Morgan Stanley Finance LLC priced $3.25 million of 0% Performance Leveraged Upside Securities due Dec. 26, 2025 linked to the worst performing of the Dow Jones industrial average and S&P 500 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 140% of the return of that index. Investors will lose 1% for every 1% that the worst performing index declines.
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: | Performance Leveraged Upside Securities
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $3.25 million
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Maturity: | Dec. 26, 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 140% of that index's return; 1% loss for every 1% that worst performing index declines
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Initial level: | 35,492.70 for Dow Jones Industrial Average, 4,649.23 for S&P 500 index
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Upside leverage: | 140%
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Cap: | None
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773HUZ0
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