Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $374,000 dual directional trigger PLUS on indexes
Chicago, June 8 – Morgan Stanley Finance LLC priced $374,000 of 0% dual directional trigger performance leveraged upside securities due Nov. 27, 2026 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 131% of the return of the worst performing index. Investors will receive a 0.5% 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 performance leveraged upside securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $374,000
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| Maturity: | Nov. 27, 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 asset is positive, par plus 131% of that index's return; 0.5% 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: | 35,813.80 for Dow, 16,306.72 for Nasdaq, 2,327.855 for Russell
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| Principal barriers: | 25,069.66 for Dow, 11,414.704 for Nasdaq, 1,629.499 for Russell, 70% of initial levels
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| Upside leverage: | 131%
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| Cap: | None
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| Pricing date: | Nov. 23, 2021
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| Settlement date: | Nov. 29, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61773HHT9
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