Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $394,000 dual directional buffered participation notes on indexes
Chicago, Oct. 25 – Morgan Stanley Finance LLC priced $394,000 of 0% dual directional buffered participation securities due Feb. 27, 2025 linked to the worst performing of the Dow Jones industrial average, S&P 500 index and Russell 2000 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 the return of the worst performing index subject to a maximum return of par plus 40%.
Investors will receive par plus the absolute return of the worst performing index if it declines but by no more than the 15% buffer and will be exposed to any decline in the worst performing index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered participation securities
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
|
| Amount: | $394,000
|
| Maturity: | Feb. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of worst performing index is positive, par plus index's return subject to a maximum return of par plus 40%; par plus absolute return of worst performing index if it declines but by no more than 15%; exposure to loss of worst performing index beyond buffer
|
| Initial levels: | 33,131.76 for Dow, 1,944.092 for Russell, 4,225.50 for S&P
|
| Buffer levels: | 28,161.996 for Dow, 1,652.478 for Russell, 3,591.675 for S&P; 85% of initial levels
|
| Upside leverage: | 100%
|
| Cap: | 40%
|
| Absolute return: | 100%
|
| Buffer: | 15%
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61773H3H0
|
|
|
© 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.
