New Issue: Morgan Stanley prices $2.57 million contingent income autocallables on three indexes

New York, May 31 – Morgan Stanley Finance LLC priced $2.57 million of contingent income autocallable securities due May 30, 2025 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.5%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.

The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level, starting May 24, 2023 and on any quarterly call determination date.

At maturity, the payout will be par unless the worst performing index finishes 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
Guarantor:	Morgan Stanley
Issue:	Contingent income autocallable securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
Amount:	$2,565,000
Maturity:	May 30, 2025
Coupon:	8.5%, 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 the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing underlying index
Call:	Automatically at par if the closing level of each underlying index is greater than or equal to its initial level, starting May 24, 2023 on any quarterly call determination date
Initial levels:	31,928.62 for Dow Jones industrial average, 11,769.84 for Nasdaq-100, 1,764.826 for Russell 2000
Downside threshold:	22,350.034 for Dow Jones industrial average, 8,238.888 for Nasdaq-100, 1,235.378 for Russell 2000, 70% of initial levels
Pricing date:	May 24
Settlement date:	May 27
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61774DFQ5

© 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.