Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 callable contingent income securities on three indexes
New York, April 29 – Morgan Stanley Finance LLC priced $250,000 of callable contingent income securities due July 6, 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 10%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting Jan. 4, 2022 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 70% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $250,000
|
| Maturity: | July 6, 2023
|
| Coupon: | 10%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date
|
| Price: | Par
|
| 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
|
| Call: | Starting Jan. 4, 2022 at par on any quarterly call date
|
| Initial levels: | 33,843.92 for Dow Jones industrial average, 14,689.62 for Nasdaq-100 index, 2,204.372 for Russell 2000 index
|
| Downside threshold: | 23,690.744 for Dow Jones industrial average, 10,282.734 for Nasdaq-100 index, 1,543.060 for Russell 2000 index, 70% of initial levels
|
| Pricing date: | Sept. 30, 2021
|
| Settlement date: | Oct. 5, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
|
|
| Cusip: | 61773FXC2
|
|
|
|
|
© 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.
