Published on 5/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.24 million Dual Directional Trigger PLUS on S&P, Russell, Dow
New York, May 3 – Morgan Stanley Finance LLC priced $1.24 million of 0% Dual Directional Trigger PLUS due April 29, 2027 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 122% of the return of the worst performing index. Investors will receive a 0.5% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 65% principal barrier and they will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
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 PLUS
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1.24 million
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| Maturity: | April 29, 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 asset is positive, par plus 122% of that index's return; 0.5% gain for each 1% loss if worst performing asset declines but ends above principal barrier; full exposure to loss if worst performing index ends below principal barrier
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| Initial levels: | 33,240.18 for Dow Jones industrial average, 1,890.475 for Russell 2000 index, 4,175.20 for S&P 500 index
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| Principal barrier: | 21,606.117 for Dow Jones industrial average, 1,228.809 for Russell 2000 index, 2,713.88 for S&P 500 index, 65% of initial level
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| Upside leverage: | 122%
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| Cap: | None
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| Pricing date: | April 26
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| Settlement date: | April 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61773QUS6
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