Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.82 million dual directional trigger jump securities on indexes
New York, June 13 – Morgan Stanley Finance LLC priced $1.82 million of 0% dual directional trigger jump securities due June 5, 2025 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 the greater of par plus the return of that index and par plus 35.5%.
Investors will receive a 1% gain for each 1% loss in the worst performing index if that index declines but finishes at or above the 70% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial 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: | Dual directional trigger jump securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1.82 million
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| Maturity: | June 5, 2025
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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, greater of par plus return of worst performer and par plus 35.5%; 1% gain for each 1% loss if worst performing index declines but ends at or above downside threshold; otherwise, full exposure to decline of worst performer from initial level
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| Initial levels: | 32,990.12 for Dow Jones industrial average, 12,642.10 for Nasdaq-100, 1,864.043 for Russell 2000
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| Upside payment: | 35.5%
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| Downside threshold: | 23,093.084 for Dow Jones industrial average, 8,849.47 for Nasdaq-100, 1,304.830 for Russell 2000, 70% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774DFB8
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