Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.8 million Trigger PLUS linked to Dow, Nasdaq, Russell
New York, May 11 – Morgan Stanley Finance LLC priced $2.8 million of 0% Trigger PLUS due May 11, 2027 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 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 180% of the return of the worst performing index. Investors will receive par if the return of the worst performing index is negative but ends at or above the 70% 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 index: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $2,797,000
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Maturity: | May 11, 2027
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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 180% of the gain of the worst performing index; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
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Initial level: | 32,899.37 for Dow Jones industrial average, 12,693.54 for Nasdaq-100, 1,839.565 for Russell 2000
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Trigger level: | 23,029.559 for Dow Jones industrial average, 8,885.478 for Nasdaq-100, 1,287.696 for Russell 2000, 70% of initial level
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Upside leverage: | 180%
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Cap: | None
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Pricing date: | May 6
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Settlement date: | May 11
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.625%
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Cusip: | 61774DAB3
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