Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $770,000 dual directional trigger PLUS linked to indexes
Chicago, Feb. 15 – Morgan Stanley Finance LLC priced $770,000 of 0% dual directional trigger PLUS due May 4, 2027 linked to the worst performing of the S&P 500 index, Russell 2000 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 141% 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 60% trigger level and they will lose 1% for every 1% decline if the worst performing index ends below its 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: | Dual directional trigger PLUS
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $770,000
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| Maturity: | May 4, 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 asset is positive, par plus 141% of that index's return; 0.5% gain for each 1% loss if worst performing asset declines but ends above trigger level; full exposure to loss if worst performing index ends below trigger level
|
| Initial levels: | 32,977.21 for Dow, 1,864.103 for Russell, 4,131.93 for S&P
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| Trigger levels: | 19,786.326 for Dow, 1,118.462 for Russell, 2,479.158 for S&P, 60% of initial levels
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| Upside leverage: | 141%
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| Cap: | None
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61773QYH6
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