Published on 9/25/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $787,000 buffered PLUS linked to Dow, S&P
Chicago, Sept. 25 – Morgan Stanley Finance LLC priced $787,000 of 0% buffered PLUS due Sept. 21, 2027 linked to the worst performing of the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 144% of the return of that index. Investors will receive par if the worst performing index declines by 10% or less and will lose 1% for every 1% that the worst performing index declines beyond 10%.
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 PLUS
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $787,000
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Maturity: | Sept. 21, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 144% of that index's return; par if worst performing index declines by 10% or less; 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 30,822.42 for Dow, 3,873.33 for S&P
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Buffer levels: | 27,740.178 for Dow, 3,485.997 for S&P, 90% of initial levels
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Upside leverage: | 144%
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Cap: | None
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Pricing date: | Sept. 16, 2022
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Settlement date: | Sept. 21, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774HAS7
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