New Issue: Morgan Stanley sells $7.56 million market-linked notes on S&P Daily Risk

By William Gullotti

Buffalo, N.Y., March 28 – Morgan Stanley Finance LLC priced $7.56 million of 0% market-linked notes due April 28, 2028 linked to the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus 1.13 times any index gain. If the index falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked notes
Underlying index:	S&P 500 Daily Risk Control 5% USD Excess Return index
Amount:	$7,562,000
Maturity:	April 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.13 times any index gain; floor of par
Initial level:	158.61
Pricing date:	April 27, 2021
Settlement date:	April 30, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61771VVY3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.