Published on 7/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.07 million Trigger PLUS linked to Dow, S&P, Nasdaq
New York, July 22 – Morgan Stanley Finance LLC priced $1.07 million of 0% Trigger PLUS due July 22, 2027 linked to the Dow Jones industrial average, the S&P 500 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 177% 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
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Guarantor: | Morgan Stanley
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Issue: | Trigger PLUS
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Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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Amount: | $1,065,000
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Maturity: | July 22, 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 177% 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: | 31,827.05 for Dow Jones industrial average, 12,249.42 for Nasdaq-100, 3,936.69 for S&P 500
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Trigger level: | 22,278.935 for Dow Jones industrial average, 8,574.594 for Nasdaq-100, 2,755.683 for S&P 500, 70% of initial level
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Upside leverage: | 177%
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Pricing date: | July 19
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Settlement date: | July 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61774DD87
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