Published on 2/6/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.2 million Trigger PLUS linked to Dow, Russell, Nasdaq
New York, Feb. 6 – Morgan Stanley Finance LLC priced $2.2 million of 0% Trigger PLUS due Jan. 3, 2028 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 174% of the return of that 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 indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $2,202,000
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Maturity: | Jan. 3, 2028
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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 174% of the gain of that index; 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: | 33,220.80 for Dow Jones industrial average, 10,951.05 for Nasdaq-100, 1,766.250 for Russell 2000
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Trigger level: | 23,254.56 for Dow Jones industrial average, 7,665.735 for Nasdaq-100, 1,236.375 for Russell 2000, 70% of initial level
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Upside leverage: | 174%
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Pricing date: | Dec. 29, 2022
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Settlement date: | Jan. 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61774H4N5
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