Published on 6/15/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $525,000 6.5% callable contingent income securities on indexes
Chicago, June 15 – Morgan Stanley Finance LLC priced $525,000 of callable contingent income securities due Dec. 6, 2024 linked to the worst performing of the S&P 500 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 6.5%, paid quarterly, if each underlying index closes at or above its 55% downside threshold on the related quarterly observation date.
The securities may be called starting March 8, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 55% 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: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $525,000
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| Maturity: | Dec. 6, 2024
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| Coupon: | 6.5% annual rate, paid quarterly, if each underlying index closes at or above its 55% downside threshold 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 option: | Starting March 8, 2022 at par on any quarterly call date
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| Initial levels: | 34,022.04 for Dow, 2,147.420 for Russell, 4,513.04 for S&P
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| Downside threshold: | 18,712.122 for Dow, 1,181.081 for Russell, 2,482.172 for S&P, 55% of initial levels
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| Pricing date: | Dec. 3, 2021
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| Settlement date: | Dec. 8, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.125%
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| Cusip: | 61773HRK7
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