Published on 4/7/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.88 million dual directional trigger jump securities on indexes
New York, April 8 – Morgan Stanley Finance LLC priced $1.88 million of 0% dual directional trigger jump securities due March 29, 2029 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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 the greater of that return and 40%.
If the worst performing index declines but finishes at or above the 70% downside threshold, investors will receive par plus 50% of the absolute value of the return of that index.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial level.
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: | Dual directional trigger jump securities
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| Underlying assets: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,879,000
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| Maturity: | March 29, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus greater of that index’s return and 40%; par plus 50% of absolute value of worst performing index return if worst performing index declines by no more than 30%; otherwise, 1% loss for every 1% decline of worst performing index from initial level
|
| Initial levels: | 39,313.64 for Dow Jones industrial average, 2,074.163 for Russell 2000, 5,218.19 for S&P 500
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| Upside payment: | 40%
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| Downside thresholds: | 27,519.548 for Dow Jones industrial average, 1,451.914 for Russell 2000, 3,652.733 for S&P 500, 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61771WW61
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