Published on 4/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.53 million dual directional trigger PLUS on three indexes
By William Gullotti
Buffalo, N.Y., April 13 – Morgan Stanley Finance LLC priced $3.53 million of 0% dual directional trigger Performance Leveraged Upside Securities due March 4, 2027 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the least-performing index.
If any index finishes below its initial level but each index finishes at or above its barrier level, 70% of its initial level, the payout will be par plus double the absolute value of the return of the least-performing index.
If the worst performer finishes below its barrier level but at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
|
| Amount: | $3,525,000
|
| Maturity: | March 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 1.25 times the return of the least-performing index; if any index finishes below initial level but each index finishes at or above barrier level, par plus two times the absolute value of return of least-performing index; if the worst performer finishes below barrier level but at or above trigger level, par; otherwise, 1% loss for every 1% that the worst performer declines from initial level
|
| Initial levels: | 34,818.27 for Dow, 2,091.11 for Russell, 14,861.21 for Nasdaq
|
| Barrier levels: | 24,372.789 for Dow, 1,463.777 for Russell, 10,402.847 for Nasdaq; 70% of initial levels
|
| Trigger levels: | 20,890.962 for Dow, 1,254.666 for Russell, 8,916.726 for Nasdaq; 60% of initial levels
|
| Pricing date: | April 1
|
| Settlement date: | April 6
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61773QYC7
|
|
|
© 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.
