Published on 8/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.42 million contingent income autocallables on Stoxx, Nasdaq
Chicago, Aug. 17 – Morgan Stanley Finance LLC priced $1.42 million of contingent income autocallable securities due July 31, 2029 linked to the worst performing of the Euro Stoxx 50 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.58%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Jan. 26, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 75% downside threshold level in which case investors will be fully exposed to the decline of the worst performing 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: | Contingent income autocallable securities
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| Underlying indexes: | Euro Stoxx 50 index and Nasdaq-100 index
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| Amount: | $1,417,000
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| Maturity: | July 31, 2029
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| Coupon: | 9.58% annual rate, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date
|
| 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 index
|
| Call: | Automatically starting Jan. 26, 2023 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
|
| Initial levels: | 12,086.90 for Nasdaq, 3,575.36 for Stoxx
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| Downside threshold levels: | 9,065.175 for Nasdaq, 2,681.52 for Stoxx, 75% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61774DYN1
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