Published on 12/27/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $282,000 trigger PLUS linked to Dow, Russell
By Taylor Fox
New York, Dec. 30 – Morgan Stanley Finance LLC priced $282,000 of 0% trigger Performance Leveraged Upside Securities due Dec. 26, 2025 linked to the worst performing of 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 107% of the gain of the worst performing index.
If either index falls but each remains at or above the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
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 Performance Leveraged Upside Securities
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Underlying indexes: | Dow Jones industrial average and the Russell 2000 index
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Amount: | $282,000
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Maturity: | Dec. 26, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the worst-performing index gains, par plus 107% of the return of the worst performing index; if either index falls but neither finishes below its trigger level, par; otherwise, full exposure to the losses of the worst performing index
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Initial levels: | 30,216.45 for Dow and 1,970.329 for Russell
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Trigger levels: | 21,151.515 for Dow and 1,379.23 for Russell; 70% of initial levels
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Pricing date: | Dec. 21
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Settlement date: | Dec. 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61771ENY0
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