New Issue: Morgan Stanley prices $2.99 million PLUS linked to Paramount

By Angela McDaniels

Tacoma, Wash., July 10 – Morgan Stanley Finance LLC priced $2.99 million of 0% PLUS due Feb. 1, 2024 linked to the class B common stock of Paramount Global, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 175% of the stock return, subject to a maximum return of 76%.

If the final share price is less than the initial share price, investors will be exposed to the decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	PLUS
Underlying stock:	Paramount Global
Amount:	$2,991,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial share price, par plus 175% of stock return, subject to maximum return of 76%; if final share price is less than initial share price, exposure to decline
Initial share price:	$23.65
Pricing date:	July 29, 2022
Settlement date:	Aug. 3, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61774DV53

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.