Published on 2/17/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.63 million dual directional trigger jump securities on indexes
New York, Feb. 17 – Morgan Stanley Finance LLC priced $2.63 million of 0% dual directional trigger jump securities due Feb. 3, 2028 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is flat or positive, the payout at maturity will be the greater of par plus the return of the laggard index and par plus 53%.
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 60% 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: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $2,634,000
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| Maturity: | Feb. 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 flat or positive, the greater of par plus the return of the laggard index and par plus 53%; 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: | 34,086.04 for Dow Jones industrial average, 12,101.93 for Nasdaq-100, 1,931.945 for Russell 2000
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| Upside payment: | 53%
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| Downside threshold: | 20,451.624 for Dow Jones industrial average, 7,261.158 for Nasdaq-100, 1,159.167 for Russell 2000, 60% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.738%
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| Cusip: | 61774THX3
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