Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $568,000 trigger jump notes on Russell, Dow, Nasdaq
By Kiku Steinfeld
Chicago, March 7 – Morgan Stanley Finance LLC priced $568,000 of 0% trigger jump securities due Nov. 26, 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 the greater of that index's return and 62%. Investors will receive par if the worst performing index declines but finishes at or above the 60% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes 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 jump securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
Amount: | $568,000
|
Maturity: | Nov. 26, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus greater of return of worst performer and 62%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
|
Initial levels: | 34,098.10 for Dow, 11,724.84 for Nasdaq, 1,860.441 for Russell
|
Upside payment: | 62%
|
Trigger: | 20,458.86 for Dow, 7,034.904 for Nasdaq, 1,116.265 for Russell, 60% of initial level
|
Pricing date: | Nov. 22, 2022
|
Settlement date: | Nov. 28, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.25%
|
Cusip: | 61774HYU6
|
|
© 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.