Published on 1/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $250,000 accelerated return securities on index basket
Chicago, Jan. 28 – Morgan Stanley Finance LLC priced $250,000 of 0% accelerated return securities due April 29, 2027 linked to a basket containing two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket components are the S&P 500 index with a 50% weight and the Euro Stoxx 50 index with a 50% weight.
If the basket return is positive, the payout at maturity will be par plus 162% of the return. Investors will receive par if the basket falls by 25% or less and will be fully exposed to any basket decline from its initial level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Accelerated return securities
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Underlying basket: | S&P 500 index, Euro Stoxx 50 index (equal weights)
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Amount: | $250,000
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Maturity: | April 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 162% of return; par if basket falls by 25% or less; otherwise, full exposure to basket decline from initial level
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Initial levels: | 3,721.36 for Stoxx, 4,175.20 for S&P
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Barrier level: | 75% of initial level
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Pricing date: | April 26, 2022
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Settlement date: | April 29, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61773QH77
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