Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.58 million accelerated return securities linked to S&P 500
New York, April 4 – Morgan Stanley Finance LLC priced $2.58 million of 0% accelerated return securities due April 2, 2027 linked to the S&P 500 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 125% of the index return.
If the index declines up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | S&P 500 index
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Amount: | $2,575,000
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Maturity: | April 2, 2027
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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 125% of index return; if index declines up to 15%, par; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,602.45
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Trigger level: | 3,912.083, 85% of initial level
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Upside leverage: | 125%
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Cap: | None
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Pricing date: | March 30
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Settlement date: | April 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61773QZB8
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