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
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger jump securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $546,000
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| Maturity: | May 3, 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, 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
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| Initial levels: | 33,916.39 for Dow Jones industrial average, 4,287.50 for S&P 500
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| Upside payment: | 49%
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| Downside threshold: | 23,741.473 for Dow Jones industrial average, 3,001.25 for S&P 500, 70% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773QS26
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