Published on 7/24/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 9.5% callable contingent income securities on indexes
By Kiku Steinfeld
Chicago, July 25 – Morgan Stanley Finance LLC priced $250,000 of callable contingent income securities due Oct. 4, 2023 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 9.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.
The securities may be called starting April 1, 2022 at par on any quarterly call 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
|
| 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: | $250,000
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| Maturity: | Oct. 4, 2023
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| Coupon: | 9.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| 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
|
| Call: | Starting April 1, 2022 at par on any quarterly call date
|
| Initial levels: | 36,488.63 for Dow, 16,491.01 for Nasdaq, 2,249.244 for Russell
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| Downside threshold: | 25,542.041 for Dow, 11,543.707 for Nasdaq, 1,574.471 for Russell, 70% of initial level
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| Coupon barrier: | 27,366.473 for Dow, 12,368.258 for Nasdaq, 1,686.933 for Russell, 75% of initial level
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61773HVZ9
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