Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.03 million dual directional trigger jump securities on indexes
New York, June 22 – Morgan Stanley Finance LLC priced $1.03 million of 0% dual directional trigger jump securities due June 21, 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 the greater of par plus 55.5% and par plus the gain of the worst performer.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes at or above the 70% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its 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 jump securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,033,000
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| Maturity: | June 21, 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 index is positive, the greater of par plus 55.5% and par plus the gain of the worst performer; 1% gain for each 1% loss if worst performing index declines but ends at or above downside threshold; otherwise, full exposure to decline of worst performer from initial level
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| Initial levels: | 30,668.53 for Dow Jones industrial average, 1,731.139 for Russell 2000, 3,789.99 for S&P 500
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| Upside payment: | 55.5%
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| Downside threshold: | 21,467.971 for Dow Jones industrial average, 1,211.797 for Russell 2000, 2,652.993 for S&P 500, 70% of initial level
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| Pricing date: | June 15
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| Settlement date: | June 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.1%
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| Cusip: | 61774DPA9
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