Published on 8/23/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $785,000 trigger PLUS linked to Dow, S&P, Nasdaq
Chicago, Aug. 23 – Morgan Stanley Finance LLC priced $785,000 of 0% trigger PLUS due Aug. 23, 2023 linked to the worst performing of the Dow Jones industrial average, S&P 500 index and Nasdaq-100 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 par plus 155% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 90% trigger and will lose 1% for every 1% decline if it ends 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 PLUS
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Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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Amount: | $785,000
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Maturity: | Aug. 23, 2023
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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 155% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
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Initial levels: | 33,761.05 for Dow, 13,565.87 for Nasdaq, 4,280.15 for S&P
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Trigger level: | 30,384.945 for Dow, 12,209.283 for Nasdaq, 3,852.135 for S&P, 90% of initial levels
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Upside leverage: | 155%
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Cap: | None
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Pricing date: | Aug. 12, 2022
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Settlement date: | Aug. 17, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61774D2M8
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