Published on 4/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $465,000 PLUS linked to Gold Miners ETF
By Kiku Steinfeld
Chicago, April 12 – Morgan Stanley Finance LLC priced $465,000 of 0% Performance Leveraged Upside Securities due Nov. 30, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the ETF return subject to a maximum return of 25.5%. Investors will lose 1% for every 1% that it declines.
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: | Performance Leveraged Upside Securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $465,000
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus 300% of ETF return subject to a maximum return of 25.5%; 1% loss for every 1% that ETF declines
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| Initial level: | $29.68
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| Upside leverage: | 300%
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| Cap: | 25.5%
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| Pricing date: | Sept. 24, 2021
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| Settlement date: | Sept. 29, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61773FG49
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