Published on 2/1/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.34 million dual directional trigger PLUS on S&P, Russell, Dow
New York, Feb. 1 – Morgan Stanley Finance LLC priced $4.34 million of 0% dual directional trigger PLUS due Jan. 31, 2028 linked to the S&P 500 index, the Russell 2000 index and the 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 130% of the return of that index.
Investors will receive a 0.5% gain for each 1% loss in the worst performing underlying index if that index declines but finishes at or above the 60% principal barrier.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial 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: | Dual directional trigger PLUS
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $4,337,000
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| Maturity: | Jan. 31, 2028
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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 130% of that index's return; 0.5% gain for each 1% loss if worst performing asset declines but ends at or above principal barrier; otherwise, full exposure to decline of worst performing index from initial level
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| Initial levels: | 33,949.41 for Dow Jones industrial average, 1,903.064 for Russell 2000, 4,060.43 for S&P 500
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| Principal barrier: | 20,369.646 for Dow Jones industrial average, 1,141.838 for Russell 2000, 2,436.258 for S&P 500, 60% of initial level
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| Upside leverage: | 130%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.135%
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| Cusip: | 61774THC9
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