Published on 3/24/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.46 million Buffered PLUS linked to Dow, S&P, Nasdaq
New York, March 24 – Morgan Stanley Finance LLC priced $2.46 million of 0% Buffered PLUS due March 20, 2025 linked to the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, 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 300% of the return of that index subject to a maximum return of par plus 42%. Investors will receive par if the worst performing index declines by 15% or less and will lose 1% for every 1% that the worst performing index declines beyond 15%.
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: | Buffered PLUS
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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| Amount: | $2,457,000
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| Maturity: | March 20, 2025
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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 300% of that index's return subject to a maximum return of par plus 42%; par if worst performing index declines by 15% or less; 1% loss for every 1% that worst performing index declines beyond 15%
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| Initial levels: | 34,063.10 for Dow Jones industrial average, 13,956.79 for Nasdaq-100 index, 4,357.86 for S&P 500 index
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| Buffer level: | 28,953.635 for Dow Jones industrial average, 11,863.272 for Nasdaq-100 index, 3,704.181 for S&P 500 index, 85% of initial level
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| Upside leverage: | 300%
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| Cap: | 42%
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| Strike date: | March 16
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773QSS9
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