Published on 11/30/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.28 million dual directional trigger PLUS on Dow, Russell, S&P
New York, Nov. 30 – Morgan Stanley Finance LLC priced $1.28 million of 0% dual directional trigger PLUS due Nov. 30, 2028 linked to the Dow Jones industrial average, Russell 2000 index and 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 122% of the return of the worst performing index. Investors will receive a 1% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 60% principal barrier and they will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
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 PLUS
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1.28 million
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| Maturity: | Nov. 30, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing asset is positive, par plus 122% of that index's return; 1% gain for each 1% loss if worst performing asset declines but ends above principal barrier; full exposure to loss if worst performing index ends below principal barrier
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| Initial levels: | 35,333.47 for Dow Jones industrial average, 1,801.154 for Russell 2000, 4,550.43 for S&P 500
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| Principal barrier: | 21,200.082 for Dow Jones industrial average, 1,080.692 for Russell 2000, 2,730.258 for S&P 500, 60% of initial level
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| Upside leverage: | 122%
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| Cap: | None
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61775MQZ2
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