Published on 3/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.23 million Buffered PLUS linked to MSCI EAFE, Stoxx 50
New York, March 18 – Morgan Stanley Finance LLC priced $2.23 million of 0% Buffered PLUS due March 15, 2027 linked to the MSCI EAFE index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 265% of the return of that index. Investors will receive par if the worst performing index declines by 10% or less and will lose 1% for every 1% that the worst performing index 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 PLUS
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Underlying indexes: | MSCI EAFE index and Euro Stoxx 50 index
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Amount: | $2,232,000
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Maturity: | March 15, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 265% of that index's return; par if worst performing index declines by 10% or less; 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 2,053.78 for MSCI EAFE index, 3,651.39 for Euro Stoxx 50 index
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Buffer level: | 1,848.402 for MSCI EAFE index, 3,286.251 for Euro Stoxx 50 index, 90% of initial level
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Upside leverage: | 265%
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Cap: | None
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Strike date: | March 10
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Pricing date: | March 15
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Settlement date: | March 18
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61773QRK7
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