Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.24 million Dual Directional Trigger PLUS on three indexes
New York, May 13 – Morgan Stanley Finance LLC priced $1.24 million of 0% Dual Directional Trigger PLUS due May 16, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, 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 150% of the return of the worst performing index subject to a maximum return of par plus 26.75%. Investors will receive a 1% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 80% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual Directional Trigger PLUS
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $1,241,000
|
| Maturity: | May 16, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of worst performing asset is positive, par plus 150% of that index's return subject to a maximum return of par plus 26.75%; 1% 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
|
| Initial levels: | 32,160.74 for Dow Jones industrial average, 12,345.86 for Nasdaq-100, 1,761.789 for Russell 2000
|
| Principal barrier: | 25,728.592 for Dow Jones industrial average, 9,876.688 for Nasdaq-100, 1,409.431 for Russell 2000, 80% of initial level
|
| Upside leverage: | 150%
|
| Cap: | 26.75%
|
| Pricing date: | May 10
|
| Settlement date: | May 13
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
|
|
| Cusip: | 61774DBB2
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
