Published on 11/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2 million PLUS linked to Dow Jones industrial, S&P 500
New York, Nov. 30 – Morgan Stanley Finance LLC priced $2 million of 0% PLUS due Oct. 9, 2025 linked to the Dow Jones industrial average and 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 par plus 148% of the return of that index. Investors will lose 1% for every 1% that the worst performing index declines.
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: | PLUS
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $2 million
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Maturity: | Oct. 9, 2025
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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 148% of that index's return; 1% loss for every 1% that worst performing index declines
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Initial levels: | 30,273.87 for Dow Jones industrial average, 3,783.28 for S&P 500
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Upside leverage: | 148%
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Cap: | None
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Pricing date: | Oct. 7
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Settlement date: | Oct. 13
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774HVA3
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