Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.12 million dual directional trigger jump notes on indexes
Chicago, Oct. 25 – Morgan Stanley Finance LLC priced $1.12 million of 0% dual directional trigger jump securities due Feb. 26, 2027 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, 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 greater of the return of that index or 37%.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes above the 70% downside threshold and they will lose 1% for every 1% decline if the worst performing index ends below its downside threshold.
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: | Dual directional trigger jump securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,119,000
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| Maturity: | Feb. 26, 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 greater of return of worst performer and 37%; 1% gain for each 1% loss if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
|
| Initial levels: | 33,131.76 for Dow, 13,509.43 for Nasdaq, 1,944.092 for Russell
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| Upside payment: | 37%
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| Downside threshold: | 23,192.232 for Dow, 9,456.601 for Nasdaq, 1,360.864 for Russell, 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.2%
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| Cusip: | 61773H2Z1
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