Morgan Stanley Finance LLC is offering $1,000 Performance Leveraged Upside Securities tied to the EURO STOXX 50 Index, maturing January 5, 2028. The securities provide leveraged upside exposure within specified conditions but pay no interest and place principal at risk, making the structure materially different from ordinary Debt securities.

Key Highlights

  • Morgan Stanley’s agent will pay $17.50 per PLUS in fixed sales commissions to selected dealers and financial advisers.
  • The PLUS mature January 5, 2028, and are issued by Morgan Stanley Finance LLC with Morgan Stanley’s full and unconditional guarantee.
  • The securities do not guarantee repayment of principal at maturity, so principal is at risk.

Morgan Stanley (NYSE: MS) is offering Performance Leveraged Upside Securities priced at $1,000 per PLUS and linked to the EURO STOXX 50 Index. The securities are due January 5, 2028, and are issued by Morgan Stanley Finance LLC with Morgan Stanley providing a full and unconditional guarantee. Principal is at risk.

$1,000 PLUS Tied to European Equity Index

The agent’s commissions and fees total $17.50 per PLUS for selected dealers and their financial advisers, while Morgan Stanley Wealth Management receives a $5 structuring fee per PLUS through the agent or its affiliates.

Principal Protection Is Not Provided

The PLUS do not guarantee a return of principal at maturity. Hedging counterparties may take positions in stocks, futures and Options connected to the underlying index, while hedge adjustments during the term may affect the index, the PLUS value or the payment received at maturity.

Morgan Stanley Finance LLC expects to hedge its exposure with affiliates or third-party dealers on or before the pricing date.

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Source(s)

  • https://www.sec.gov/Archives/edgar/data/895421/000183988226042024/ms18375_424b2-28494.htm