Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.82 million Trigger PLUS linked to S&P 500
New York, May 19 – Morgan Stanley Finance LLC priced $2.82 million of 0% Trigger PLUS due June 5, 2028 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 123% of the index return.
Investors will receive par if the index declines but finishes at or above the 80% trigger and will lose 1% for every 1% decline if it finishes below the trigger level.
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: | Trigger PLUS
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Underlying index: | S&P 500 index
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Amount: | $2,815,000
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Maturity: | June 5, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 123% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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Initial level: | 4,023.89
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Trigger level: | 3,219.112, 80% of initial level
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Upside leverage: | 123%
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Cap: | None
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5% including a structuring fee of 0.5%
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Cusip: | 61773Y631
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