Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.98 million trigger PLUS linked to S&P, Dow
Chicago, Sept. 1 – Morgan Stanley Finance LLC priced $5.98 million of 0% trigger PLUS due Aug. 30, 2027 linked to the worst performing of the S&P 500 index and Dow Jones industrial average, 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 142% 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
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger PLUS
|
Underlying indexes: | S&P 500 index and Dow Jones industrial average
|
Amount: | $5,984,000
|
Maturity: | Aug. 30, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 142% 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
|
Initial levels: | 33,291.78 for Dow, 4,199.12 for S&P
|
Trigger levels: | 23,304.246 for Dow, 2,939.384 for S&P, 70% of initial levels
|
Upside leverage: | 142%
|
Cap: | None
|
Pricing date: | Aug. 25
|
Settlement date: | Aug. 30
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.5%
|
Cusip: | 61774D2D8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.