Published on 12/19/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $492,000 trigger participation notes on Dow, Nasdaq, Russell
By Kiku Steinfeld
Chicago, Dec. 19 – Morgan Stanley Finance LLC priced $492,000 of 0% trigger participation securities due March 23, 2023 linked to the Dow Jones industrial average, 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 the gain of that index, capped at 8.75%. Investors will receive par if the worst performing index falls but finishes at or above the 50% trigger level. If the worst performing index finishes below the trigger level, investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger participation securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $492,000
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| Maturity: | March 23, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus that index's gain, capped at 8.75%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% worst performing index declines if it finishes below trigger level
|
| Initial levels: | 35,160.79 for Dow, 13,998.53 for Nasdaq, 2,038.185 for Russell
|
| Trigger level: | 17,580.395 for Dow, 6,999.265 for Nasdaq, 1,019.093 for Russell, 50% of initial level
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| Upside leverage: | 100%
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| Cap: | 8.75%
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| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61773QR84
|
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