Morgan Stanley Finance LLC priced structured securities at $1,000 each, with an estimated value of approximately $982.70 and Maturity on October 14, 2027. Investors receive no interest, have no guaranteed return of principal, and face payments tied to basket performance, making the securities materially different from ordinary debt.

Key Highlights

  • The public price is $1,000 per security, while the proceeds to Morgan Stanley Finance LLC are $990 per security.
  • Morgan Stanley Finance LLC’s securities pay no interest and do not guarantee a return of principal at maturity.
  • Placement agents may receive fees of up to $10 per $1,000 stated principal amount.

MORGAN STANLEY (NYSE: MS) operates in Investment management. They pay no interest, and their terms do not promise repayment of principal at maturity.

$1,000 Securities Carry $990 Net Proceeds

The public price is $1,000 per security, while proceeds to Morgan Stanley Finance LLC are $990 per security.

Basket Performance Determines Maturity Payment

At maturity, a final level at or above the buffer level results in the stated principal amount plus an upside payment. If the final level falls below the buffer level, the payment uses the stated principal amount, the underlier percent change, the buffer amount and the downside factor. That structure means the payment can be less, and potentially significantly less, than the stated principal amount. The securities also involve risks that ordinary Debt securities do not carry.