Published on 9/20/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $950,000 dual directional trigger jump notes on indexes
By Kiku Steinfeld
Chicago, Sept. 20 – Morgan Stanley Finance LLC priced $950,000 of 0% dual directional trigger jump securities due Feb. 1, 2024 linked to the Nasdaq-100 index, Russell 2000 index and 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 25.25%.
Investors will receive a 0.5% gain for each 1% loss in the worst performing index if that index declines but finishes above the 70% downside threshold and they will lose 1% for every 1% decline if the worst performing index ends below its downside threshold.
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: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $950,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index is positive, par plus 25.25%; 0.5% gain for each 1% loss if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
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| Initial levels: | 34,725.47 for Dow Jones industrial average, 14,454.61 for Nasdaq-100, 1,968.508 for Russell 2000
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| Upside payment: | 25.25%
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| Downside threshold: | 24,307.829 for Dow Jones industrial average, 10,118.227 for Nasdaq-100, 1,377.956 for Russell 2000, 70% of initial level
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61773HM63
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