Published on 5/8/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 dual directional buffered PLUS on Nasdaq, Russell
By Kiku Steinfeld
Chicago, May 8 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional buffered PLUS due Oct. 3, 2024 linked to the 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 105% 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 10% 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
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional buffered PLUS
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $250,000
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| Maturity: | Oct. 3, 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 105% 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 10% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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| Upside leverage: | 105%
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| Cap: | None
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| Buffer: | 10%
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| Buffer level: | 9,855.945 for Nasdaq, 1,589.625 for Russell, 90% of initial level
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| Call: | Non-callable
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| Initial levels: | 10,951.05 for Nasdaq, 1,766.250 for Russell
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| Pricing date: | Dec. 29, 2022
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| Settlement date: | Jan. 4, 2023
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61774H3F3
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