Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 buffered PLUS linked to index basket
Chicago, Dec. 9 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered PLUS due April 10, 2026 linked to the performance of an unequally-weighted basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx Select Dividend 30 index with a 30% weight and the S&P MidCap 400 index with a 30% weight.
If the basket finishes positive, the payout at maturity will be par plus 119.2% of the basket return.
Investors will receive par if the basket declines up to 20% and lose 1% for every 1% decline beyond 20%.
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: | S&P 500 index (40% weight), Euro Stoxx Select Dividend 30 index (30% weight) and S&P MidCap 400 index (30% weight)
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Amount: | $250,000
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Maturity: | April 10, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket gains, par plus 119.2% of basket return; if basket declines no more than 20%, par; otherwise, 1% loss for every 1% decline of the basket beyond 20%
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Initial prices: | 4,582.64 for S&P, 1,762.29 for Stoxx, 2,703.68 for MidCap
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Buffer level: | 80% of initial level
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Pricing date: | April 4
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Settlement date: | April 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773QTZ2
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