Published on 6/14/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $687,000 trigger PLUS linked to Nasdaq, Russell, Dow
Chicago, June 14 – Morgan Stanley Finance LLC priced $687,000 of 0% trigger PLUS due July 6, 2027 linked to the worst performing of the Nasdaq-100 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 300% of the return of the worst performing index subject to a maximum return of par plus 100%. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% 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: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $687,000
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Maturity: | July 6, 2027
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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 300% of the gain of the worst performing index subject to a maximum return of par plus 100%; 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: | 30,775.43 for Dow, 11,503.72 for Nasdaq, 1,707.990 for Russell
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Trigger level: | 21,542.801 for Dow, 8,052.604 for Nasdaq, 1,195.593 for Russell, 70% of initial levels
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Upside leverage: | 300%
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Cap: | 100%
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Pricing date: | June 30, 2022
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Settlement date: | July 6, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61774DMP9
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