Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.98 million Trigger PLUS linked to S&P, Dow
New York, May 26 – Morgan Stanley Finance LLC priced $2.98 million of 0% Trigger PLUS due May 25, 2027 linked to the S&P 500 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 151% of the return of that index.
Investors will receive par if the return of the worst performing index is negative but ends at or above the 75% trigger and will lose 1% for every 1% decline if it ends below the trigger 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: | Trigger PLUS
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Underlying indexes: | S&P 500 index and Dow Jones industrial average
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Amount: | $2,978,000
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Maturity: | May 25, 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, par plus 151% of the gain of that index; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performing index from initial level
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Initial levels: | 31,261.90 for Dow Jones industrial average, 3,901.36 for S&P 500
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Trigger level: | 23,446.425 for Dow Jones industrial average, 2,926.02 for S&P 500, 75% of initial level
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Upside leverage: | 151%
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Cap: | None
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61773Q6R5
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