Published on 1/18/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $818,000 market-linked notes linked to Morgan Stanley MAP
By Kiku Steinfeld
Chicago, Jan. 18 – Morgan Stanley Finance LLC priced $818,000 of 0% market-linked notes due May 1, 2025 linked to the Morgan Stanley MAP Trend 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 220% of the index return. Otherwise investors will receive par.
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: | Market-linked notes
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Underlying index: | Morgan Stanley MAP Trend index
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Amount: | $818,000
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Maturity: | May 1, 2025
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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 220% of index return; minimum payout of par
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Initial level: | 223.51
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Upside leverage: | 220%
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Cap: | None
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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: | 0.5%
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Cusip: | 61774XHZ9
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