Published on 8/19/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.88 million market-linked notes linked to S&P 500
Chicago, Aug. 19 – Morgan Stanley Finance LLC priced $2.88 million of 0% market-linked notes due Sept. 6, 2029 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 126.3% of the index return subject to a maximum return of par plus 70%. Otherwise, investors will receive par.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,879,000
|
| Maturity: | Sept. 6, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 126.3% of index return subject to a maximum return of par plus 70%; minimum payout of par
|
| Initial level: | 4,280.15
|
| Upside leverage: | 126.3%
|
| Cap: | 70%
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5% including a structuring fee of 0.5%
|
| Cusip: | 61774B788
|
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