Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.01 million trigger PLUS linked to Dow, Nasdaq
New York, May 26 – Morgan Stanley Finance LLC priced $6.01 million of 0% trigger PLUS due May 25, 2027 linked to the Dow Jones industrial average 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 160% of the return of that index.
Investors will receive par if the return of the worst performing index is negative but finishes at or above the 60% 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: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $6,013,000
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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 160% 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 performer from initial level
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Initial levels: | 31,261.90 for Dow Jones industrial average, 11,835.62 for Nasdaq-100
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Trigger level: | 18,757.14 for Dow Jones industrial average, 7,101.372 for Nasdaq-100, 60% of initial level
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Upside leverage: | 160%
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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: | 0.75%
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Cusip: | 61774DCM7
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