Published on 3/11/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.4 million callable contingent income securities on three indexes
New York, March 11 – Morgan Stanley Finance LLC priced $1.4 million of callable contingent income securities due March 13, 2025 linked to the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11%, paid quarterly, if each underlying index closes at or above its 60% downside threshold on the related quarterly observation date.
The securities may be called starting June 13 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 60% 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: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
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| Amount: | $1.4 million
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| Maturity: | March 13, 2025
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| Coupon: | 11%, paid quarterly, if each underlying index closes at or above its 60% 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: | Starting June 13 at par on any quarterly call date
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| Initial level: | 1,951.329 for Russell 2000 index, 4,201.09 for S&P 500 index, 3,512.22 for Euro Stoxx 50 index
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| Downside threshold: | 1,170.797 for Russell 2000 index, 2,520.654 for S&P 500 index, 2,107.332 for Euro Stoxx 50 index, 60% of initial levels
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| Strike date: | March 7
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| Pricing date: | March 8
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| Settlement date: | March 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61773QND7
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