Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million Trigger PLUS linked to S&P, Dow
New York, May 13 – Morgan Stanley Finance LLC priced $1 million of 0% Trigger PLUS due May 14, 2029 linked to the S&P 500 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 171.50% 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 90% 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: | S&P 500 index and Dow Jones industrial average
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Amount: | $1 million
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Maturity: | May 14, 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 171.50% 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: | 32,245.70 for Dow Jones industrial average, 3,991.24 for S&P 500
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Trigger level: | 29,021.13 for Dow Jones industrial average, 3,592.116 for S&P 500, 90% of initial level
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Upside leverage: | 171.50%
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Cap: | None
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Strike date: | May 9
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Pricing date: | May 10
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Settlement date: | May 13
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61774DCL9
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