Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.31 million trigger jump securities linked to indexes
Chicago, Aug. 29 – Morgan Stanley Finance LLC priced $4.31 million of 0% trigger jump securities due Jan. 26, 2028 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 53.44%. Investors will receive par if the worst performing index declines but finishes at or above the 60% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes below the 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: | Trigger jump securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $4,312,000
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Maturity: | Jan. 26, 2028
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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 53.44%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
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Initial levels: | 34,265.37 for Dow, 1,987.918 for Russell, 4,397.94 for S&P
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Upside payment: | 53.44%
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Trigger levels: | 20,559.222 for Dow, 1,192.751 for Russell, 2,638.764 for S&P, 60% of initial levels
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.35%
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Cusip: | 61773HZS1
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