Published on 5/8/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 market-linked notes linked to S&P 500
By Kiku Steinfeld
Chicago, May 8 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due Jan. 3, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 42%. Otherwise investors will receive 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 index: | S&P 500 index
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| Amount: | $250,000
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| Maturity: | Jan. 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 42%; otherwise, par
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| Initial level: | 3,849.28
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| Cap: | None
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| Pricing date: | Dec. 29, 2022
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| Settlement date: | Jan. 4, 2023
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
|
| Cusip: | 61774HX94
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