Published on 1/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $502,000 trigger jump securities on Nasdaq, Russell, Dow
Chicago, Jan. 28 – Morgan Stanley Finance LLC priced $502,000 of 0% trigger jump securities due April 29, 2027 linked to the worst performing of 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 the greater of that index's return and 52%. Investors will receive par if the worst performing index declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the worst performing index declines if it finishes 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 jump securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $502,000
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| Maturity: | April 29, 2027
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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 greater of return of worst performer and 52%; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
|
| Initial levels: | 33,240.18 for Dow, 13,009.71 for Nasdaq, 1,890.475 for Russell
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| Trigger levels: | 23,268.126 for Dow, 9,106.797 for Nasdaq, 1,323.333 for Russell, 70% of initial levels
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| Upside payment: | 52%
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| Pricing date: | April 26, 2022
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| Settlement date: | April 29, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61773QXA2
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