Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.03 million dual directional trigger jump securities on indexes
New York, April 19 – Morgan Stanley Finance LLC priced $1.03 million of 0% dual directional trigger jump securities due April 3, 2029 linked to the Nasdaq-100 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 zero or positive, the payout at maturity will be par plus the greater of that return and 41%.
If the worst performing index declines but finishes at or above the 60% downside threshold, investors will receive par plus the absolute value of the return of that index.
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 jump securities
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,027,000
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| Maturity: | April 3, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes flat or gains, par plus greater of that index’s return and 41%; par plus absolute value of worst performing index return if worst performing index declines by no more than 40%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 39,807.37 for Dow Jones industrial average, 18,254.69 for Nasdaq-100, 2,124.547 for Russell 2000
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| Upside payment: | 41%
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| Downside thresholds: | 23,884.422 for Dow Jones industrial average, 10,952.814 for Nasdaq-100, 1,274.728 for Russell 2000, 60% of initial levels
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| Pricing date: | March 28
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| Settlement date: | April 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61771WX52
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