Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.51 million Trigger PLUS linked to Nasdaq, Russell, Dow
New York, Feb. 13 – Morgan Stanley Finance LLC priced $1.51 million of 0% Trigger PLUS due Jan. 31, 2029 linked to the Nasdaq-100 index, the Russell 2000 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 positive, the payout at maturity will be par plus 400% of the return of that index, subject to a maximum return of par plus 63%.
Investors will receive par if the return of the worst performing index is negative but ends at or above the 65% trigger and will lose 1% for every 1% decline if it ends below the trigger 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: | Trigger PLUS
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,505,000
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| Maturity: | Jan. 31, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus 400% of the gain of that index, subject to a maximum return of par plus 63%; par if worst performing index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of worst performing index from initial level
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| Initial levels: | 38,109.43 for Dow Jones industrial average, 17,421.01 for Nasdaq-100, 1,978.331 for Russell 2000
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| Trigger level: | 24,771.130 for Dow Jones industrial average, 11,323.657 for Nasdaq-100, 1,285.915 for Russell 2000, 65% of initial levels
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| Upside leverage: | 400%
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| Cap: | 63%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.225%
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| Cusip: | 61771WGM4
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