Published on 3/25/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.25 million buffered PLUS linked to Stoxx
By Taylor Fox
New York, March 25 – Morgan Stanley Finance LLC priced $1.54 million of 0% buffered Performance Leveraged Upside Securities due Oct. 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 21%. Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,254,500
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Maturity: | Oct. 4, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 21%; par if index declines by buffer level or less; 1% loss for every 1% index decline beyond buffer
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Initial level: | 3,833.36
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Buffer level: | 3,450.024, 90% of initial level
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Pricing date: | March 12
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Settlement date: | March 17
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 61771U433
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