Published on 7/20/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.54 million callable contingent income securities on indexes
New York, July 20 – Morgan Stanley Finance LLC priced $5.54 million of callable contingent income securities due July 18, 2024 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, 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 65% downside threshold on every trading day during the observation period.
The securities may be called at par on any quarterly call date.
At maturity, the payout will be par unless the worst performing index finishes below its 65% 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: | Callable contingent income securities
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $5,535,000
|
| Maturity: | July 18, 2024
|
| Coupon: | 10%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on every trading day during the observation period
|
| 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: | At par on any quarterly call date
|
| Initial levels: | 1,744.373 for Russell 2000, 3,863.16 for S&P 500, 3,477.20 for Euro Stoxx 50
|
| Downside threshold: | 1,133.843 for Russell 2000, 2,511.054 for S&P 500, 2,260.18 for Euro Stoxx 50, 65% of initial levels
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
|
|
| Cusip: | 61774DYC5
|
|
|
|
|
© 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.
