Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.09 million 8.5% fixed income buffered securities on indexes
New York, May 31 – Morgan Stanley Finance LLC priced $7.09 million of fixed income buffered securities due Sept. 28, 2023 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5%, paid monthly.
If the worst performing index finishes at or above its80% buffer level, the payout at maturity will be par.
Investors will lose 1.25% for every 1% that the worst performing index declines beyond 20%.
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: | Fixed income buffered securities
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Underlying indexes: | Russell 2000 index and Nasdaq-100 index
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Amount: | $7,085,000
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Maturity: | Sept. 28, 2023
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Coupon: | 8.5%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its buffer, par; 1.25% loss for every 1% that worst performing index declines beyond 20%
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Initial levels: | 11,769.84 for Nasdaq-100, 1,764.826 for Russell 2000
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Buffer levels: | 9,415.872 for Nasdaq-100, 1,411.861 for Russell 2000; 80% of initial levels
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Pricing date: | May 25
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Settlement date: | May 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61774DJU2
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