Published on 8/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.43 million dual directional trigger PLUS on three indexes
New York, Aug. 1 – Morgan Stanley Finance LLC priced $1.43 million of 0% dual directional trigger PLUS due July 29, 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 132% 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 60% principal barrier and will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
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 PLUS
|
Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
|
Amount: | $1,434,000
|
Maturity: | July 29, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 132% of that index's return; 0.5% gain for each 1% loss if worst performing index declines but ends at or above principal barrier; otherwise, full exposure to decline of worst performer from initial level
|
Initial levels: | 31,761.54 for Dow Jones industrial average, 1,805.246 for Russell 2000, 3,921.05 for S&P 500
|
Principal barrier: | 19,056.924 for Dow Jones industrial average, 1,083.148 for Russell 2000, 2,352.63 for S&P 500, 60% of initial level
|
Upside leverage: | 132%
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.227%
|
|
Cusip: | 61774DVL8
|
|
|
© 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.