Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $456,000 dual directional trigger jump securities on indexes
Chicago, June 1 – Morgan Stanley Finance LLC priced $456,000 of 0% dual directional trigger jump securities due Nov. 17, 2026 linked to the worst performing of the Euro Stoxx 50 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 the greater of the 50% upside payment and the return of the worst performer.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes above the 70% downside threshold and they 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
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger jump securities
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $456,000
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| Maturity: | Nov. 17, 2026
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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 greater of 50% upside payment and return of worst performer; 1% gain for each 1% loss if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
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| Initial levels: | 36,100.31 for Dow, 2,411.776 for Russell, 4,370.33 for Stoxx
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| Upside payment: | 50%
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| Downside thresholds: | 25,270.217 for Dow, 1,688.243 for Russell, 3,059.231 for Euro, 70% of initial levels
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| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 17, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61773HFJ3
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