Published on 6/27/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.5 million trigger PLUS linked to Dow, Russell, Nasdaq
New York, June 27 – Morgan Stanley Finance LLC priced $4.5 million of 0% trigger PLUS due June 25, 2027 linked to the Dow Jones industrial average, the Russell 2000 index and the 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 175% of the return of that index.
Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% trigger. Otherwise, investors will lose 1% for every 1% 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
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Guarantor: | Morgan Stanley
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Issue: | Trigger PLUS
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $4.5 million
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Maturity: | June 25, 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 175% of the gain of that index; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performing index from initial level
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Initial levels: | 30,483.13 for Dow Jones industrial average, 11,527.71 for Nasdaq-100, 1,690.277 for Russell 2000
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Trigger level: | 21,338.191 for Dow Jones industrial average, 8,069.397 for Nasdaq-100, 1,183.194 for Russell 2000, 70% of initial level
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Upside leverage: | 175%
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Pricing date: | June 22
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Settlement date: | June 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.35%
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Cusip: | 61774DSW8
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