Published on 8/23/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.28 million buffered PLUS linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Aug. 23 – Morgan Stanley Finance LLC priced $3.28 million of 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2024 linked to the Euro Stoxx 50, 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 200% of the index return, subject to a maximum return of par plus 19.6%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,276,850
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Maturity: | Feb. 5, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to par plus 19.6% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 4,035.77
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Buffer level: | 3,632.193; 90% of initial level
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Pricing date: | July 16
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Settlement date: | July 21
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61772Y350
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