Published on 12/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $761,000 Trigger PLUS linked to Dow, Nasdaq, Russell
By Kiku Steinfeld
Chicago, Dec. 12 – Morgan Stanley Finance LLC priced $761,000 of 0% Trigger PLUS due April 15, 2027 linked to 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 400% of the return of the worst performing index, subject to a maximum return of par plus 73%. Investors will receive par if the return of the worst performing index is negative but ends at or above the 60% 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
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| Issue: | Trigger PLUS
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $761,000
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| Maturity: | April 15, 2027
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If return of worst performing index is positive, par plus 400% of the gain of the worst performing index, subject to a maximum return of par plus 73%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
|
| Initial levels: | 34,308.08 for Dow, 13,990.21 for Nasdaq, 1,980.324 for Russell
|
| Trigger level: | 20,584.848 for Dow, 8,394.126 for Nasdaq, 1,188.194 for Russell, 60% of initial level
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| Upside leverage: | 400%
|
| Cap: | 73%
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| Pricing date: | April 11
|
| Settlement date: | April 14
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 61773QH51
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