Published on 2/14/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.61 million dual directional trigger jump notes on ETFs
Chicago, Feb. 14 – Morgan Stanley Finance LLC priced $1.61 million of 0% dual directional trigger jump securities due May 4, 2027 linked to the worst performing of the SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and SPDR Dow Jones industrial average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing ETF is positive, the payout at maturity will be the greater of par plus 54.5% and par plus the return of the worst performing ETF.
Investors will receive a 1% gain for each 1% loss in the worst performing ETF if that ETF declines but finishes above the 70% downside threshold and they will lose 1% for every 1% decline if the worst performing ETF ends below its downside threshold.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying funds: | SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and SPDR Dow Jones industrial average ETF Trust
|
| Amount: | $1.61 million
|
| Maturity: | May 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of worst performing ETF is positive, par plus greater of 54.5% or par plus return of worst performer; 1% gain for each 1% loss if worst performing ETF declines but ends above downside threshold; full exposure to loss if worst performing ETF ends below downside threshold
|
| Initial levels: | $329.69 for Dow, $184.95 for Russell, $412.00 for S&P
|
| Downside threshold levels: | $230.783 for Dow, $129.465 for Russell, $288.40 for S&P, 70% of initial levels
|
| Upside payment: | 54.5%
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 61773QU64
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
