Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.17 million dual directional buffered notes on Nasdaq, Russell
Chicago, Dec. 4 – Morgan Stanley Finance LLC priced $1.17 million of 0% dual directional buffered participation securities due Dec. 30, 2022 linked to the worse performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above the initial level, the payout at maturity will be par plus the gain of the laggard index up to a maximum payout of par plus 28%.
If either index falls but not by more than 10%, the payout will be par plus the absolute value of the return of the laggard index.
Otherwise, investors will lose 1% for each 1% loss of the worst performing index beyond 10%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered participation securities
|
| Underlying index: | Russell 2000 index, Nasdaq-100 index
|
| Amount: | $1,174,000
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each is greater than initial index level, par plus lesser-performing index return, up to a maximum payout of par plus 28%; if lesser-performing index falls by up to 90% buffer level, par plus absolute value of lesser-performing index return; otherwise, 1% loss for each 1% loss of the worst performing index beyond 10%
|
| Initial levels: | 2,221.482 for Russell, 12,979.12 for Nasdaq
|
| Buffer levels: | 1,999.334 for Russell, 11,681.208 for Nasdaq; 90% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61771VCK4
|
© 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.
