Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.24 million Dual Directional Trigger PLUS on three indexes
New York, May 13 – Morgan Stanley Finance LLC priced $1.24 million of 0% Dual Directional Trigger PLUS due May 16, 2023 linked to the Dow Jones industrial average, 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 150% of the return of the worst performing index subject to a maximum return of par plus 26.75%. Investors will receive a 1% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 80% 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 PLUS
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $1,241,000
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Maturity: | May 16, 2023
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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 150% of that index's return subject to a maximum return of par plus 26.75%; 1% 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: | 32,160.74 for Dow Jones industrial average, 12,345.86 for Nasdaq-100, 1,761.789 for Russell 2000
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Principal barrier: | 25,728.592 for Dow Jones industrial average, 9,876.688 for Nasdaq-100, 1,409.431 for Russell 2000, 80% of initial level
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Upside leverage: | 150%
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Cap: | 26.75%
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Pricing date: | May 10
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Settlement date: | May 13
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61774DBB2
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