Published on 7/19/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $486,000 dual directional trigger jump securities on three indexes
New York, July 19 – Morgan Stanley Finance LLC priced $486,000 of 0% dual directional trigger jump securities due July 14, 2028 linked to the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is zero or positive, the payout at maturity will be par plus the greater of that return and 42%.
If the worst performing index declines but finishes at or above its 70% downside threshold, investors will receive par plus the absolute value of the return of that index.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial 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: | Dual directional trigger jump securities
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| Underlying assets: | Nasdaq-100 index, S&P 500 index and Dow Jones industrial average
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| Amount: | $486,000
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| Maturity: | July 14, 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 flat or gains, par plus greater of that index’s return and 42%; par plus absolute value of worst performing index return if worst performing index declines by no more than 30%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 34,261.42 for Dow Jones industrial average, 15,119.06 for Nasdaq-100, 4,439.26 for S&P 500
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| Upside payment: | 42%
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| Downside thresholds: | 23,982.994 for Dow Jones industrial average, 10,583.342 for Nasdaq-100, 3,107.482 for S&P 500, 70% of initial levels
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| Pricing date: | July 11
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| Settlement date: | July 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61775HEK9
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