Published on 6/10/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.66 million Trigger PLUS linked to Dow, Nasdaq
New York, June 10 – Morgan Stanley Finance LLC priced $3.66 million of 0% Trigger PLUS due June 8, 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 151.17% 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 70% 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
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger PLUS
|
Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
|
Amount: | $3,661,000
|
Maturity: | June 8, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 151.17% 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
|
Initial levels: | 32,899.70 for Dow Jones industrial average, 12,548.03 for Nasdaq-100
|
Trigger level: | 23,029.79 for Dow Jones industrial average, 8,783.621 for Nasdaq-100, 70% of initial level
|
Upside leverage: | 151.17%
|
Pricing date: | June 3
|
Settlement date: | June 8
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.625%
|
|
Cusip: | 61774DGG6
|
|
|
© 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.