Published on 1/28/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $270,000 0% dual directional buffered PLUS on indexes
Chicago, Jan. 28 – Morgan Stanley Finance LLC priced $270,000 of 0% dual directional buffered PLUS due April 29, 2027 linked to the worst performing of the S&P 500 index, Nasdaq-100 index and 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 127% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered PLUS
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $270,000
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| Maturity: | April 29, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 127% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than the 15% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Buffer levels: | 11,058.254 for Nasdaq, 1,606.904 for Russell, 3,548.92 for S&P, 85% of initial levels
|
| Initial levels: | 13,009.71 for Nasdaq, 1,890.475 for Russell, 4,175.20 for S&P
|
| Upside leverage: | 127%
|
| Cap: | None
|
| Buffer: | 15%
|
| Call: | Non-callable
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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
|
| Fees: | 3.3%
|
| Cusip: | 61773QF46
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