Published on 5/4/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.64 million dual directional trigger PLUS on indexes
Chicago, May 4 – Morgan Stanley Finance LLC priced $2.64 million of 0% dual directional trigger PLUS due April 28, 2028 linked to the worst performing of the S&P 500 index, Russell 2000 index and 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 130% of the return of the worst performing index. Investors will receive a 0.5% gain for each 1% loss in the worst performing underlying index if that index declines but finishes above the 60% principal barrier and they will lose 1% for every 1% decline if the worst performing index ends below its principal barrier.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Dual directional trigger PLUS
|
Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
|
Amount: | $2,639,000
|
Maturity: | April 28, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing asset is positive, par plus 130% of that index's return; 0.5% gain for each 1% loss if worst performing asset declines but ends above principal barrier; full exposure to loss if worst performing index ends below principal barrier
|
Initial levels: | 33,530.83 for Dow, 1,745.952 for Russell, 4,071.63 for S&P
|
Principal barrier: | 20,118.498 for Dow, 1,047.571 for Russell, 2,442.978 for S&P, 60% of initial levels
|
Upside leverage: | 130%
|
Cap: | None
|
Pricing date: | April 25
|
Settlement date: | April 28
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.208%
|
Cusip: | 61774XJU8
|
|
© 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.