Published on 3/14/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $10.82 million 16.25% callable contingent income securities linked to Nasdaq, Russell, Dow
New York, March 14 – Morgan Stanley Finance LLC priced $10.82 million of callable contingent income securities due May 31, 2024 linked to Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.25%, paid quarterly, if each underlying index closes at or above its 85% coupon barrier on the related quarterly observation date.
The securities may be called at par on any quarterly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that index.
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: | $10,824,000
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| Maturity: | May 31, 2024
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| Coupon: | 16.25%, paid quarterly, if each underlying index closes at or above its 85% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying index
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| Call: | At par on any quarterly call determination date
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| Initial level: | 33,892.60 for Dow Jones industrial average, 14,237.81 for Nasdaq-100 index, 2,048.089 for Russell 2000 index
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| Downside threshold: | 23,724.82 for Dow Jones industrial average, 9,966.467 for Nasdaq-100 index, 1,433.662 for Russell 2000 index, 70% of initial levels
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| Coupon barrier: | 28,808.71 for Dow Jones industrial average, 12,102.139 for Nasdaq-100 index, 1,740.876 for Russell 2000 index, 85% of the initial levels
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.1%
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| Cusip: | 61773QHN2
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