Published on 4/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $4.94 million dual directional trigger jump securities on indexes
New York, April 1 – Morgan Stanley Finance LLC priced $4.94 million of 0% dual directional trigger jump securities due April 1, 2027 linked to the Nasdaq-100 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 the greater of par plus 38% and par plus the worst performing index return.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes above the 70% downside threshold and they will lose 1% for every 1% decline if the worst performing index ends below its downside threshold.
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 indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $4.94 million
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| Maturity: | April 1, 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, the greater of par plus 38% and par plus the worst performing index return; 1% gain for each 1% loss if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
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| Initial levels: | 34,955.89 for Dow Jones industrial average, 14,987.40 for Nasdaq-100 index, 2,078.060 for Russell 2000 index
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| Upside payment: | 38%
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| Downside threshold: | 24,469.123 for Dow Jones industrial average, 10,491.18 for Nasdaq-100 index, 1,454.642 for Russell 2000 index, 70% of initial level
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.2%
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| Cusip: | 61773QFA2
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