Published on 4/7/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.1 million dual directional trigger jump securities on indexes
New York, April 7 – Morgan Stanley Finance LLC priced $5.1 million of 0% dual directional trigger jump securities due April 5, 2027 linked to the S&P 500 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 laggard index’s return and par plus 50.15%.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes above the 70% downside threshold and they 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $5,104,000
|
| Maturity: | April 5, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| 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 50.15%; 1% gain for each 1% loss if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
|
| Initial levels: | 34,678.35 for Dow Jones industrial average, 2,070.125 for Russell 2000 index, 4,530.41 for S&P 500 index
|
| Upside payment: | 50.15%
|
| Downside threshold: | 24,274.845 for Dow Jones industrial average, 1,449.088 for Russell 2000 index, 3,171.287 for S&P 500 index, 70% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 61773QUA5
|
|
|
© 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.
