Published on 6/29/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.46 million market-linked notes on basket of three indexes
Chicago, June 29 – Morgan Stanley Finance LLC priced $1.46 million of 0% market-linked notes due June 5, 2028 linked to an equally-weighted basket consisting of the S&P 500 index, the Stoxx Europe 600 index and the Nikkei 225 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 113% of any basket gain.
If the basket falls, the payout will be par.
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: | Market-linked notes
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Underlying indexes: | S&P 500 index, Stoxx Europe 600 index and Nikkei 225 index, equally weighted
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Amount: | $1,457,000
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Maturity: | June 5, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 113% of any basket gain, floor of par
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Initial levels: | 4,179.83 for S&P, 451.76 for Stoxx Europe, 30,887.88 for Nikkei
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61774XQ48
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