Published on 3/16/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.73 million callable contingent income securities on three indexes
New York, March 16 – Morgan Stanley Finance LLC priced $1.73 million of callable contingent income securities due Dec. 14, 2023 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.
Investors will receive a coupon of 15.5%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities may be called starting June 16 at par on any quarterly call date.
If the notes have not been called, the payout at maturity will be par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below 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: | Callable contingent income securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,725,000
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| Maturity: | Dec. 14, 2023
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| Coupon: | 15.5%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
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| Call: | Starting June 16 at par on any quarterly call date
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| Initial levels: | 32,944.19 for Dow Jones industrial average, 13,301.83 for Nasdaq-100 index, 1,979.668 for Russell 2000 index
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| Downside threshold: | 23,060.933 for Dow Jones industrial average, 9,311.281 for Nasdaq-100 index, 1,385.768 for Russell 2000 index, 70% of initial levels
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773QPR4
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