Published on 12/6/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $11.74 million accelerated return securities linked to S&P 500
New York, Dec. 6 – Morgan Stanley Finance LLC priced $11.74 million of 0% accelerated return securities due Dec. 3, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 110.5% of the index return. Investors will lose 1% for every 1% that the index declines.
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: | Accelerated return securities
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Underlying index: | S&P 500 index
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Amount: | $11,744,000
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Maturity: | Dec. 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of index is positive, par plus 110.5% of index return; 1% loss for every 1% that index declines
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Initial level: | 4,080.11
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Upside leverage: | 110.5%
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Cap: | None
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61774H4D7
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