Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 dual directional buffered PLUS on Dow, Nasdaq, Russell
New York, Dec. 28 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional buffered PLUS due Feb. 1, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 108% of that index’s return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
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 buffered PLUS
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $250,000
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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 gains, par plus 108% of that index return; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
|
| Initial levels: | 33,916.39 for Dow Jones industrial average, 13,456.06 for Nasdaq-100, 1,917.944 for Russell 2000
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| Upside leverage: | 108%
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| Buffer: | 15%
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| Buffer level: | 28,828.932 for Dow Jones industrial average, 11,437.651 for Nasdaq-100 index, 1,630.252 for Russell 2000 index, 85% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61773QR92
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