Published on 3/31/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $265,000 Buffered PLUS linked to S&P, ARK Innovation
By Kiku Steinfeld
Chicago, March 31 – Morgan Stanley Finance LLC priced $265,000 of 0% Buffered Performance Leveraged Upside Securities due June 27, 2024 linked to the S&P 500 index and the ARK Innovation ETF, 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 130% of the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
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: | Buffered Performance Leveraged Upside Securities
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Underliers: | S&P 500 Index and ARK Innovation ETF
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Amount: | $265,000
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Maturity: | June 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing asset is positive, par plus 130% of that asset's return; par if worst performing asset declines by 15% or less; 1% loss for every 1% that worst performing asset declines beyond 15%
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Initial levels: | $118.11 for ARK, 4,395.64 for S&P
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Buffer levels: | $100.394 for ARK, 3,736.294 for S&P, 85% of initial levels
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Upside leverage: | 130%
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Cap: | None
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Pricing date: | Sept. 22, 2021
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Settlement date: | Sept. 27, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.3%
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Cusip: | 61773FYT4
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