Published on 12/28/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 trigger jump securities linked to EM index, Stoxx
New York, Dec. 29 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger jump securities due Dec. 24, 2026 linked to the worst performing of the MSCI Emerging Markets index and Euro Stoxx 50 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 the greater of that index's return and 58%. Investors will receive par if the worst performing index declines but finishes at or above the 65% downside threshold level and will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
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: | Trigger jump securities
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| Underlying indexes: | MSCI Emerging Markets index and Euro Stoxx 50 index
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| Amount: | $250,000
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| Maturity: | Dec. 24, 2026
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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 58%; par if worst performing index declines but finishes at or above downside threshold level; 1% loss for every 1% that worst performing index declines if it finishes below downside threshold level
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| Initial level: | 1,190.08 for MSCI Emerging Markets index, 4,107.13 for Euro Stoxx 50 index
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| Upside payment: | 58%
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| Trigger: | 773.552 for MSCI Emerging Markets index, 2,669.635 for Euro Stoxx 50 index, 65% of initial level
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61773HLB3
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