Published on 7/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 Trigger PLUS linked to Dow, Russell, Nasdaq
By Kiku Steinfeld
Chicago, July 5 – Morgan Stanley Finance LLC priced $250,000 of 0% Trigger Performance Leveraged Upside Securities due Dec. 28, 2026 linked to 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 133% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 50% trigger and will lose 1% for every 1% decline if it ends below the trigger 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: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $250,000
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| Maturity: | Dec. 28, 2026
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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, par plus 133% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
|
| Initial levels: | 35,753.89 for Dow, 16,180.14 for Nasdaq, 2,221.903 for Russell
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| Downside thresholds: | 17,876.945 for Dow, 8,090.07 for Nasdaq, 1,110.952 for Russell, 50% of initial levels
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| Upside leverage: | 133%
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| Cap: | None
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| Pricing date: | Dec. 22, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773HLZ0
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