Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.8 million capped leveraged notes on basket
By Wendy Van Sickle
Columbus, Ohio, April 29 – Morgan Stanley Finance LLC priced $1.8 million of 0% capped leveraged notes due Oct. 30, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 300% of any basket gain, capped at $1,312 per $1,000 principal amount.
Investors will lose 1% for every 1% that it declines with full exposure to losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged notes
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Underlying basket: | Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $1.8 million
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Maturity: | Oct. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at $1,312 per $1,000 principal amount; otherwise, 1% loss for each 1% decline with full exposure to losses
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Initial levels: | 3,721.36 for Stoxx, 1,878.51 for Tokyo, 7,386.19 for FTSE, 11,933.28 for Swiss and 6,708.222 for S&P/ASX
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Pricing date: | April 26
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Settlement date: | May 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.51%
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Cusip: | 61773QV22
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