Published on 3/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $268,000 buffered PLUS linked to S&P 500
By William Gullotti
Buffalo, N.Y., March 28 – Morgan Stanley Finance LLC priced $268,000 of 0% buffered Performance Leveraged Upside Securities due Nov. 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at $1,130 per security. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $268,000
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Maturity: | Nov. 1, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, capped at $1,130 per security; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 4,186.72
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Buffer level: | 3,768.048; 90% of initial level
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Pricing date: | April 27, 2021
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Settlement date: | April 30, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.6%
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Cusip: | 61771VPF1
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