E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Guarantor:Morgan Stanley
Issue:Trigger PLUS
Underlying indexes:Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
Amount:$1,065,000
Maturity:July 22, 2027
Coupon:0%
Price:Par
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
Initial levels:31,827.05 for Dow Jones industrial average, 12,249.42 for Nasdaq-100, 3,936.69 for S&P 500
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
Upside leverage:177%
Pricing date:July 19
Settlement date:July 22
Agent:Morgan Stanley & Co. LLC
Fees:0.75%
Cusip:61774DD87

© 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.