Published on 1/1/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.88 million trigger PLUS linked to Nasdaq, Russell
By Kiku Steinfeld
Chicago, Jan. 3 – Morgan Stanley Finance LLC priced $1.88 million of 0% trigger Performance Leveraged Upside Securities due Dec. 5, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain of the lesser-performing index, capped at 46%.
If the lesser-performing index falls but finishes at or above 70% of its initial level, the payout will be par. Otherwise, investors will be exposed to the decline of the lesser performer.
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: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $1,882,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain of lesser-performing index, capped at 46%; if lesser-performing index falls but finishes at or above trigger level, par; otherwise, exposure to decline of lesser performer
|
| Initial levels: | 16,135.92 for Nasdaq, 2,198.908 for Russell
|
| Trigger levels: | 11,295.144 for Nasdaq, 1,539.236 for Russell; 70% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.587%
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| Cusip: | 61773HAC3
|
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