Published on 6/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.73 million Dual Directional Trigger PLUS on S&P, Russell, Dow
New York, June 3 – Morgan Stanley Finance LLC priced $1.73 million of 0% Dual Directional Trigger PLUS due May 28, 2027 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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 that index.
Investors will receive a 0.5% gain for each 1% loss in the worst performing underlying index if that index declines but finishes at or above the 65% principal barrier. Otherwise, investors will lose 1% for every 1% decline of the worst performer from initial level.
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: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,734,000
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| Maturity: | May 28, 2027
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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 at or above principal barrier; full exposure to loss if worst performing index ends below principal barrier
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| Initial levels: | 32,120.28 for Dow Jones industrial average, 1,799.164 for Russell 2000, 3,978.73 for S&P 500
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| Principal barrier: | 20,878.182 for Dow Jones industrial average, 1,169.457 for Russell 2000, 2,586.175 for S&P 500, 65% of initial level
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| Upside leverage: | 135%
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.088%
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| Cusip: | 61773Q3A5
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