Published on 3/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.4 million Trigger PLUS linked to Stoxx, MSCI Emerging Markets
New York, March 30 – Morgan Stanley Finance LLC priced $4.4 million of 0% Trigger PLUS due March 28, 2025 linked to the Euro Stoxx 50 index and MSCI Emerging Markets 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 237% 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 PLUS
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Underlying index: | Euro Stoxx 50 index and MSCI Emerging Markets index
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Amount: | $4.4 million
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Maturity: | March 28, 2025
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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 237% 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% decline if worst performing index finishes below trigger level
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Initial level: | 1,125.01 for MSCI Emerging Markets index, 3,867.73 for Euro Stoxx 50 index
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Trigger level: | 787.507 for MSCI Emerging Markets index, 2,707.411 for Euro Stoxx 50 index, 70% of initial level
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Upside leverage: | 237%
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Cap: | None
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Pricing date: | March 25
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Settlement date: | March 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773QTU3
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