Published on 4/7/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.23 million dual directional buffered PLUS on three indexes
New York, April 8 – Morgan Stanley Finance LLC priced $1.23 million of 0% dual directional buffered PLUS due March 29, 2029 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 110% of that index’s return.
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 25%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 25%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| 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: | $1,233,000
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| Maturity: | March 29, 2029
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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 110% of that index’s return; par plus absolute value of worst performing index return if worst performing index declines by no more than 25%; otherwise, 1% loss for every 1% that worst performing index declines beyond 25%
|
| Initial levels: | 39,313.64 for Dow Jones industrial average, 18,277.06 for Nasdaq-100, 2,074.163 for Russell 2000
|
| Buffer levels: | 29,485.23 for Dow Jones industrial average, 13,707.795 for Nasdaq-100, 1,555.622 for Russell 2000, 75% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.85%
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| Cusip: | 61771WV62
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