Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 Trigger PLUS linked to Nasdaq, Russell, S&P
New York, May 13 – Morgan Stanley Finance LLC priced $250,000 of 0% Trigger Performance Leveraged Upside Securities due Oct. 5, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 130% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 60% trigger and will lose 1% for every 1% decline if it ends below the trigger 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: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $250,000
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Maturity: | Oct. 5, 2026
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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 the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
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Initial level: | 14,689.62 for Nasdaq-100, 2,204.372 for Russell 2000, 4,307.54 for S&P 500
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Trigger level: | 8,813.772 for Nasdaq-100, 1,322.623 for Russell 2000, 2,584.524 for S&P 500, 60% of initial level
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Upside leverage: | 130%
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Cap: | None
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61773FC50
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