Published on 7/5/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $716,000 0% dual directional buffered PLUS on indexes
Chicago, July 5 – Morgan Stanley Finance LLC priced $716,000 of 0% dual directional buffered PLUS due July 12, 2027 linked to the worst performing of the Dow Jones industrial average, 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 155% 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 20% 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $716,000
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| Maturity: | July 12, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 155% 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 20% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Call: | Non-callable
|
| Initial levels: | 31,384.55 for Dow, 12,109.05 for Nasdaq, 1,769.604 for Russell
|
| Buffer levels: | 25,107.64 for Dow, 9,687.24 for Nasdaq, 1,415.683 for Russell, 80% of initial levels
|
| Upside leverage: | 155%
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| Cap: | None
|
| Buffer: | 20%
|
| Pricing date: | July 7, 2022
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| Settlement date: | July 12, 2022
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 61774DWL7
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