Published on 1/3/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.05 million enhanced trigger jump securities on indexes
New York, Jan. 3 – Morgan Stanley Finance LLC priced $2.05 million of 0% enhanced trigger jump securities due Nov. 26, 2027 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 final level of each index is greater than or equal to its upside threshold value, 89.5% of its initial level, the payout at maturity will be par plus 70%.
If the final level of any index is less than its upside threshold value but the final level of each index is greater than or equal to its downside threshold value, 70% of its initial level, the payout will be par.
If the final level of any index is less than its downside threshold value, investors will lose 1% for every 1% that the worst performing index declines.
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: | Enhanced 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: | $2,054,000
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| Maturity: | Nov. 26, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to upside threshold value, par plus 70%; if final level of any index is less than upside threshold value but final level of each index is greater than or equal to downside threshold value, par; otherwise, 1% loss for every 1% that worst performing index declines
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| Initial levels: | 32,849.74 for Dow Jones industrial average, 11,072.42 for Nasdaq-100, 1,748.017 for Russell 2000
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| Upside payment: | 70%
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| Upside thresholds: | 29,400.517 for Dow Jones industrial average, 9,909.816 for Nasdaq-100, 1,564.475 for Russell 2000, 89.5% of initial levels
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| Downside thresholds: | 22,994.818 for Dow Jones industrial average, 7,750.694 for Nasdaq-100, 1,223.612 for Russell 2000, 70% of initial levels
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61774TFH0
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