Published on 10/18/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.88 million trigger PLUS linked to Nasdaq, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – Morgan Stanley Finance LLC priced $8.88 million of 0% trigger Performance Leveraged Upside Securities due Oct. 6, 2026 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus 180% of the least-performing index’s return.
If the final level of any index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level is 70% of its initial level.
If the final level of any index is less than its trigger level, investors will be exposed to the decline of the least-performing index from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
|
| Amount: | $8,881,000
|
| Maturity: | Oct. 6, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 180% of least-performing index’s return; if final level of any index is less than or equal to initial level but final level of each index is greater than or equal to trigger level, par; if final level of any index is less than trigger level, exposure to decline of least-performing index from initial level
|
| Initial levels: | 14,791.87 for Nasdaq, 2,241.632 for Russell, 34,326.46 for Dow
|
| Trigger levels: | 10,354.309 for Nasdaq, 1,569.142 for Russell, 24,028.522 for Dow, 70% of initial levels
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 6
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 61773FK36
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
