Published on 8/11/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $5.35 million digital index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., Aug. 11 – Morgan Stanley Finance LLC priced $5.35 million of 0% digital notes due Dec. 12, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than or equal to 90% of the initial level, the payout at maturity will be $1,104 per $1,000 of notes.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Digital notes
|
Underlying index: | S&P 500
|
Amount: | $5,345,000
|
Maturity: | Dec. 12, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is greater than or equal to 90% of the initial level, $1,104 per $1,000 of notes; otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%
|
Initial index level: | 4,163.29
|
Threshold level: | 3,746.961; 90% of initial level
|
Pricing date: | May 17
|
Settlement date: | May 24
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | None
|
Cusip: | 61771VQ78
|
© 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.