Published on 5/11/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $760,000 equity-linked partial principal at risk securities on S&P
Chicago, May 11 – Morgan Stanley Finance LLC priced $760,000 of 0% equity-linked partial principal at risk securities due June 17, 2027 linked to the S&P 500 index according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 120%.
If the index finishes flat or falls, investors will be exposed to the decline of the index, subject to a minimum return of $900 per $1,000 of notes.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Equity-linked partial principal at risk securities
|
Underlying index: | S&P 500 index
|
Amount: | $760,000
|
Maturity: | June 17, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, subject to a maximum return of par plus 120%; otherwise, full exposure to decline of index, subject to minimum payout of 90% of par if index finishes flat or falls
|
Initial values: | 3,735.48
|
Pricing date: | June 14, 2022
|
Settlement date: | June 17, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.625%
|
Cusip: | 61774DPZ4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.