Published on 7/27/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.85 million Trigger PLUS linked to Dow, Russell, Nasdaq
New York, July 27 – Morgan Stanley Finance LLC priced $4.85 million of 0% Trigger PLUS due July 27, 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 193% 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
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger PLUS
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
|
Amount: | $4,854,000
|
Maturity: | July 27, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 193% 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 performer from initial level
|
Initial levels: | 31,899.29 for Dow Jones industrial average, 12,396.47 for Nasdaq-100, 1,806.881 for Russell 2000
|
Trigger level: | 22,329.503 for Dow Jones industrial average, 8,677.529 for Nasdaq-100, 1,264.817 for Russell 2000, 70% of initial level
|
Upside leverage: | 193%
|
Pricing date: | July 22
|
Settlement date: | July 27
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.625%
|
|
Cusip: | 61774DE45
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.