Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 dual directional trigger PLUS on indexes
Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional trigger PLUS due Oct. 5, 2027 linked to the worst performing of the Dow Jones industrial average, Russell 2000 index and Nasdaq-100 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 172% of the return of the worst performing index. Investors will receive a 1% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 70% principal barrier and they will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
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 PLUS
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $250,000
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| Maturity: | Oct. 5, 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 asset is positive, par plus 172% of that index's return; 1% gain for each 1% loss if worst performing asset declines but ends above principal barrier; full exposure to loss if worst performing index ends below principal barrier
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| Initial levels: | 28,725.51 for Dow, 10,971.22 for Nasdaq, 1,664.716 for Russell
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| Principal barrier: | 20,107.857 for Dow, 7,679.854 for Nasdaq, 1,165.301 for Russell, 70% of initial levels
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| Upside leverage: | 172%
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| Cap: | None
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61774D6V4
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