Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 buffered PLUS linked to Dow, S&P
Chicago, Aug. 21 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered PLUS due Aug. 1, 2025 linked to the worst performing of the Dow Jones industrial average and S&P 500 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 116% of the return of that index. Investors will receive par if the worst performing index declines by 15% or less and will lose 1% for every 1% that the worst performing index declines beyond 15%.
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: | Dow Jones industrial average and S&P 500 index
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Amount: | $500,000
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Maturity: | Aug. 1, 2025
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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 116% of that index's return; par if worst performing index declines by 15% or less; 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 32,845.13 for Dow, 4,130.29 for S&P
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Buffer level: | 27,918.361 for Dow, 3,510.747 for S&P, 85% of initial levels
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Upside leverage: | 116%
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Cap: | None
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Pricing date: | July 29, 2022
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Settlement date: | Aug. 3, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61774DT72
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