Published on 12/7/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.44 million dual directional buffered PLUS on three indexes
New York, Dec. 7 – Morgan Stanley Finance LLC priced $1.44 million of 0% dual directional buffered PLUS due Dec. 3, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 300% of that index’s return, subject to a maximum return of par plus 41.25%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 buffered PLUS
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,441,000
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| Maturity: | Dec. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 300% of that index’s return, subject to a maximum return of par plus 41.25%; par plus absolute value of worst performing index return if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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| Initial levels: | 35,950.89 for Dow Jones industrial average, 15,947.87 for Nasdaq-100, 1,809.020 for Russell 2000
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| Upside leverage: | 300%
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| Cap: | 41.25%
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| Buffer: | 20%
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| Buffer level: | 28,760.712 for Dow Jones industrial average, 12,758.296 for Nasdaq-100 index, 1,447.216 for Russell 2000 index, 80% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61775MK62
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