Published on 9/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $952,000 Trigger PLUS linked to Nasdaq, Russell
By Kiku Steinfeld
Chicago, Sept. 28 – Morgan Stanley Finance LLC priced $952,000 of 0% Trigger PLUS due Feb. 5, 2025 linked to the Nasdaq-100 index and Russell 2000 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 200% of the return of the worst performing index subject to a maximum return of par plus 47%. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% 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 PLUS
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $952,000
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Maturity: | Feb. 5, 2025
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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 200% of the gain of the worst performing index subject to a maximum return of par plus 47%; 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
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Initial levels: | 14,930.05 for Nasdaq, 2,028.453 for Russell
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Trigger level: | 10,451.035 for Nasdaq, 1,419.917 for Russell, 70% of initial level
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Upside leverage: | 200%
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Cap: | 47%
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61773HWW5
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