Published on 7/21/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $291,000 0% dual directional buffered PLUS on indexes
Chicago, July 21 – Morgan Stanley Finance LLC priced $291,000 of 0% dual directional buffered PLUS due July 17, 2025 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 105% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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 PLUS
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $291,000
|
| Maturity: | July 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 105% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than the 20% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Call: | Non-callable
|
| Initial levels: | 34,395.14 for Dow, 15,571.98 for Nasdaq, 1,950.891 for Russell
|
| Buffer levels: | 27,516.112 for Dow, 12,457.584 for Nasdaq, 1,560.713 for Russell, 80% of initial levels
|
| Buffer: | 20%
|
| Upside leverage: | 105%
|
| Cap: | None
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.7%
|
| Cusip: | 61775HGV3
|
|
|
© 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.
