Published on 5/20/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.35 million Trigger PLUS linked to Nasdaq-100, S&P 500
New York, May 20 – Morgan Stanley Finance LLC priced $1.35 million of 0% Trigger PLUS due May 18, 2026 linked to the Nasdaq-100 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 138% 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 70% 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 PLUS
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Underlying index: | Nasdaq-100 index and S&P 500 index
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Amount: | $1,352,000
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Maturity: | May 18, 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 138% 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: | 12,387.40 for Nasdaq-100, 4,023.89 for S&P 500
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Trigger level: | 8,671.18 for Nasdaq-100, 2,816.723 for S&P 500, 70% of initial level
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Upside leverage: | 138%
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Cap: | None
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774DDB0
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