Published on 1/10/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $12.05 million market-linked notes tied to Dow, S&P
New York, Jan. 10 – Morgan Stanley Finance LLC priced $12.05 million of 0% market-linked notes due Dec. 27, 2024 linked to the Dow Jones industrial average 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 the return of that index, subject to a maximum return of par plus 23%.
Otherwise, investors will receive par.
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: | Market-linked notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $12,045,000
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| Maturity: | Dec. 27, 2024
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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 that index's return, subject to a maximum return of par plus 23%; minimum payout of par
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| Initial levels: | 33,027.49 for Dow Jones industrial average, 3,822.39 for S&P 500
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| Cap: | 23%
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774H3J5
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