Published on 1/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.31 million Trigger PLUS linked to Dow, Russell, Nasdaq
New York, Jan. 18 – Morgan Stanley Finance LLC priced $2.31 million of 0% Trigger Performance Leveraged Upside Securities due Jan. 15, 2027 linked to 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 166% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% 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
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $2,308,000
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| Maturity: | Jan. 15, 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 index is positive, par plus 166% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% index decline if worst performing index finishes below trigger level
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| Initial level: | 36,290.32 for Dow Jones industrial average, 15,905.10 for Nasdaq-100 index, 2,176.057 for Russell 2000 index
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| Trigger level: | 25,403.224 for Dow Jones industrial average, 11,133.57 for Nasdaq-100 index, 1,523.240 for Russell 2000 index, 70% of initial level
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| Upside leverage: | 166%
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| Cap: | None
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| Pricing date: | Jan. 12
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| Settlement date: | Jan. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773HB73
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