Published on 3/5/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.15 million Trigger PLUS linked to Nasdaq, Russell
By Kiku Steinfeld
Chicago, March 7 – Morgan Stanley Finance LLC priced $1.15 million of 0% Trigger Performance Leveraged Upside Securities due Sept. 15, 2025 linked to the Nasdaq-100 index and Russell 2000 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 134% 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 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 Performance Leveraged Upside Securities
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Underlying index: | Nasdaq-100 index and Russell 2000 index
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Amount: | $1.15 million
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Maturity: | Sept. 15, 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, par plus 134% 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 levels: | 15,440.75 for Nasdaq, 2,227.546 for Russell
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Trigger levels: | 10,808.525 for Nasdaq, 1,559.282 for Russell, 70% of initial levels
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Upside leverage: | 134%
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Cap: | None
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Pricing date: | Sept. 10
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Settlement date: | Sept. 15
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61773FC84
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