Published on 1/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.28 million trigger PLUS linked to Dow, Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., Jan. 28 – Morgan Stanley Finance LLC priced $5.28 million of 0% trigger Performance Leveraged Upside Securities due Jan. 28, 2027 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 180% of the lesser-performing index’s return.
If the final level of any index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level is 70% of its initial level.
If the final level of any index is less than its trigger level, investors will be exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
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| Amount: | $5,282,000
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| Maturity: | Jan. 28, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 180% of lesser-performing index’s return; if final level of any index is less than or equal to initial level but final level of each index is greater than or equal to trigger level, par; otherwise, exposure to decline of worst performer from initial level
|
| Initial levels: | 34,297.73 for Dow, 14,149.12 for Nasdaq, 2,004.033 for Russell
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| Trigger levels: | 24,008.411 for Dow, 9,904.384 for Nasdaq, 1,402.823 for Russell; or 70% of initial levels
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 28
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
|
| Cusip: | 61773HK32
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