Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $345,000 dual directional buffered participation notes on indexes
Chicago, June 1 – Morgan Stanley Finance LLC priced $345,000 of 0% dual directional buffered participation securities due July 31, 2023 linked to the worst performing of the Nasdaq-100 index and Russell 2000 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 of the return of the worst performing index subject to a maximum return of par plus 20.25%.
Investors will receive par plus 100% of absolute return of the worst performing index if it declines but by no more than the 10% buffer and will be exposed to any decline in the worst performing index beyond the buffer.
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 buffered participation securities
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $345,000
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| Maturity: | July 31, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus of that index's return subject to a maximum return of par plus 20.25%; par plus 100% of absolute return of worst performing index if it declines but by no more than 10%; exposure to loss of worst performing index beyond buffer
|
| Initial levels: | 15,559.49 for Nasdaq, 2,296.075 for Russell
|
| Buffer levels: | 14,003.541 for Nasdaq, 2,066.468 for Russell; 90% of initial levels
|
| Cap: | 20.25%
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| Absolute return: | 100%
|
| Buffer: | 10%
|
| Pricing date: | Nov. 9, 2021
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| Settlement date: | Nov. 15, 2021
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61773HFH7
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