Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 enhanced buffered jump securities on Dow, S&P
Chicago, April 17 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced buffered jump securities due May 24, 2028 linked to the worst performing of the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above the 90% downside threshold, the payout at maturity will be par plus the greater of the worst performing index return and 50%.
The payout will be par if the worst performing index finishes below the downside threshold but at or above 80% of its initial level.
Investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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: | Enhanced buffered jump securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $500,000
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| Maturity: | May 24, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above downside threshold level, par plus greater of worst performing index return and 50%; par if worst performing index finishes below downside threshold but does not decline by more than buffer amount; 1% loss for every 1% that worst performing index declines beyond buffer amount
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| Initial levels: | 31,253.13 for Dow, 3,900.79 for S&P
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| Downside thresholds: | 28,127.817 for Dow, 3,510.711 for S&P, 90% of initial levels
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| Upside payment: | 50%
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| Buffer: | 20%
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| Pricing date: | May 20, 2022
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| Settlement date: | May 25, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774DGM3
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