Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $546,000 dual directional trigger jump securities on Dow, S&P
New York, Dec. 28 – Morgan Stanley Finance LLC priced $546,000 of 0% dual directional trigger jump securities due May 3, 2028 linked to the Dow Jones industrial average and the S&P 500 index, 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 the greater of par plus 49% and par plus the worst performing index return.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes at or above the 70% downside threshold and will lose 1% for every 1% decline if the worst performing index ends below its downside threshold.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Dual directional trigger jump securities
|
Underlying indexes: | Dow Jones industrial average and S&P 500 index
|
Amount: | $546,000
|
Maturity: | May 3, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, the greater of par plus 49% and par plus the worst performing index return; 1% gain for each 1% loss if worst performing index declines but ends at or above downside threshold; otherwise, full exposure to decline of worst performing index from initial level
|
Initial levels: | 33,916.39 for Dow Jones industrial average, 4,287.50 for S&P 500
|
Upside payment: | 49%
|
Downside threshold: | 23,741.473 for Dow Jones industrial average, 3,001.25 for S&P 500, 70% of initial level
|
Pricing date: | April 28
|
Settlement date: | May 3
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 61773QS26
|
|
© 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.