Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.23 million dual directional trigger PLUS on indexes
Chicago, June 1 – Morgan Stanley Finance LLC priced $1.23 million of 0% dual directional trigger performance leveraged upside securities due Nov. 17, 2026 linked to the worst performing of the Dow Jones industrial average, Russell 2000 index and 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 145% of the return of the worst performing index. Investors will receive a 1% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 70% trigger level and they will lose 1% for every 1% decline if the worst performing index ends below its trigger level.
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 performance leveraged upside securities
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $1.23 million
|
| Maturity: | Nov. 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of worst performing asset is positive, par plus 145% of that index's return; 1% gain for each 1% loss if worst performing asset declines but ends above trigger level; full exposure to loss if worst performing index ends below trigger level
|
| Initial levels: | 36,100.31 for Dow, 16,199.88 for Nasdaq, 2,411.776 for Russell
|
| Trigger levels: | 25,270.217 for Dow, 11,339.916 for Nasdaq, 1,688.243 for Russell, 70% of initial levels
|
| Upside leverage: | 145%
|
| Cap: | None
|
| Pricing date: | Nov. 12, 2021
|
| Settlement date: | Nov. 17, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61773HFZ7
|
|
|
© 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.
