Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.22 million dual directional trigger PLUS on three indexes
New York, May 12 – Morgan Stanley Finance LLC priced $1.22 million of 0% dual directional trigger performance leveraged upside securities due Oct. 5, 2026 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 135% of the return of the worst performing index.
Investors will receive a 0.5% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 70% principal barrier and they will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
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: | Dual directional trigger performance leveraged upside securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1.22 million
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| Maturity: | Oct. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing asset is positive, par plus 135% of that index's return; 0.5% gain for each 1% loss if worst performing asset declines but ends above principal barrier; full exposure to loss if worst performing index ends below principal barrier
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| Initial levels: | 14,689.62 for Nasdaq-100, 2,204.372 for Russell 2000, 4,307.54 for S&P 500
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| Principal barrier: | 10,282.734 for Nasdaq-100, 1,543.060 for Russell 2000, 3,015.278 for S&P 500, 70% of initial level
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| Upside leverage: | 135%
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| Cap: | None
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773FWB5
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