Published on 11/15/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.54 million Buffered PLUS linked to Russell, S&P, Nasdaq
New York, Nov. 15 – Morgan Stanley Finance LLC priced $1.54 million of 0% Buffered PLUS due Oct. 26, 2023 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 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 150% of the return of that index, subject to a maximum return of par plus 15%.
Investors will receive par if the worst performing index declines by 28% or less and will lose 1% for every 1% that the worst performing index declines beyond 28%.
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 PLUS
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Underlying indexes: | Russell 2000 index, S&P 500 index and Nasdaq-100 index
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Amount: | $1,537,000
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Maturity: | Oct. 26, 2023
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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 150% of that index's return, subject to a maximum return of par plus 15%; par if worst performing index declines by 28% or less; otherwise, 1% loss for every 1% that worst performing index declines beyond 28%
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Initial levels: | 11,311.24 for Nasdaq-100, 1,679.590 for Russell 2000, 3,693.23 for S&P 500
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Buffer level: | 8,144.093 for Nasdaq-100 index, 1,209.305 for Russell 2000 index, 72% of initial level
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Upside leverage: | 150%
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Cap: | 15%
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774HBM9
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