Published on 12/6/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.21 million accelerated return securities linked to EAFE
New York, Dec. 6 – Morgan Stanley Finance LLC priced $3.21 million of 0% accelerated return securities due Dec. 3, 2027 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 136% of the index return.
Investors will receive par if the index declines up to 20% and will lose 1% for every 1% decline beyond 20%.
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: | Accelerated return securities
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Underlying index: | MSCI EAFE index
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Amount: | $3,212,000
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Maturity: | Dec. 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of index is positive, par plus 136% of index return; if index falls by no more than 20%, par; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 1,944.03
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Buffer level: | 1,555.224, or 80% of initial level
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Upside leverage: | 136%
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61774H7D4
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