Published on 2/8/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.28 million trigger jump securities on Dow, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Feb. 8 – Morgan Stanley Finance LLC priced $4.28 million of 0% trigger jump securities due Feb. 6, 2025 linked to the least performing of 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 each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the least performing index and the upside payment of 45%.
If any index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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: | Trigger jump securities
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
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Amount: | $4.28 million
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Maturity: | Feb. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus greater of return of least performing index and 45%; if any index falls by up to 20%, par; otherwise, full exposure to decline of worst performing index from initial level
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Initial levels: | 1,991.031 for Russell, 35,111.16 for Dow, 14,501.11 for Nasdaq
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Downside threshold levels: | 1,592.825 for Russell, 28,088.928 for Dow, 11,600.888 for Nasdaq; 80% of initial level
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Pricing date: | Feb. 3
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Settlement date: | Feb. 8
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773H5G0
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