Published on 1/18/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $861,000 PLUS linked to Russell 2000
By Kiku Steinfeld
Chicago, Jan. 18 – Morgan Stanley Finance LLC priced $861,000 of 0% PLUS due July 3, 2024 linked to the Russell 2000 index, 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 index return subject to a maximum return of par plus 18.75%. 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: | PLUS
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Underlying index: | Russell 2000 index
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Amount: | $861,000
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Maturity: | July 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 18.75%; 1% loss for every 1% that index declines
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Initial level: | 1,768.987
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Upside leverage: | 300%
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Cap: | 18.75%
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61774XUT8
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