Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.05 million PLUS linked to S&P 500
New York, June 22 – Morgan Stanley Finance LLC priced $2.05 million of 0% PLUS due Oct. 4, 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 300% of the index return, subject to a maximum return of par plus 20.5%.
Investors will be fully exposed to any index decline.
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: | PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $2,051,000
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| Maturity: | Oct. 4, 2023
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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 300% of index return, subject to a maximum return of par plus 20.5%; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 3,789.99
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| Upside leverage: | 300%
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| Cap: | 20.5%
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| Pricing date: | June 15
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| Settlement date: | June 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 61774B200
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