Published on 10/6/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.04 million contingent income securities on three indexes
New York, Oct. 6 – Morgan Stanley Finance LLC priced $1.04 million of contingent income securities due Oct. 8, 2024 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.15%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
If the worst performing index finishes at or above its 90% downside threshold, the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold 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: | Contingent income securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $1,037,000
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Maturity: | Oct. 8, 2024
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Coupon: | 14.15%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial level: | 11,229.73 for Nasdaq-100, 1,708.870 for Russell 2000, 3,678.43 for S&P 500
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Coupon barrier: | 8,983.784 for Nasdaq-100, 1,367.096 for Russell 2000, 2,942.744 for S&P 500, 80% of initial level
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Downside threshold: | 10,106.757 for Nasdaq-100, 1,537.983 for Russell 2000, 3,310.587 for S&P 500, 90% of initial level
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Pricing date: | Oct. 3
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Settlement date: | Oct. 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.4%
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Cusip: | 61774HGJ1
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