Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.67 million dual directional buffered participation securities
New York, May 13 – Morgan Stanley Finance LLC priced $1.67 million of 0% dual directional buffered participation securities due April 4, 2023 linked to the Nasdaq-100 index and Russell 2000 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 the return of the worst performing index subject to a maximum return of par plus 24%.
Investors will receive par plus 100% of absolute return of the worst performing index if it declines but by no more than the 10% buffer and will be exposed to any decline in the worst performing index beyond the buffer.
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 buffered participation securities
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1,669,000
|
| Maturity: | April 4, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of worst performing index is positive, par plus that index's return subject to a maximum return of par plus 24%; par plus 100% of absolute return of worst performing index if it declines but by no more than 10%; exposure to loss of worst performing index beyond buffer
|
| Initial levels: | 14,689.62 for Nasdaq-100, 2,204.372 for Russell 2000
|
| Buffer levels: | 13,220.658 for Nasdaq-100, 1,983.935 for Russell 2000, 90% of initial levels
|
| Cap: | 24%
|
| Absolute return: | 100%
|
| Buffer: | 10%
|
| Pricing date: | Sept. 30, 2021
|
| Settlement date: | Oct. 5, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61773FTV5
|
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