Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $906,000 contingent income autocallables on three indexes
New York, Aug. 29 – Morgan Stanley Finance LLC priced $906,000 of contingent income autocallable securities due May 27, 2027 linked to the Russell 2000 index, the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.5%, paid monthly, if each underlying index closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if each index closes at or above its call level, 90% of initial level, on any monthly call determination date starting March 1, 2023.
At maturity, the payout will be par unless the worst performing index finishes below its 50% 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
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Euro Stoxx 50 index
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| Amount: | $906,000
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| Maturity: | May 27, 2027
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| Coupon: | 7.5%, paid monthly, if each underlying index closes at or above its 60% coupon barrier on the related monthly observation date
|
| Price: | Par
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| 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 index
|
| Call: | Automatically at par if each index closes at or above its call level on any monthly call determination date starting March 1, 2023
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| Initial levels: | 12,917.86 for Nasdaq-100, 1,935.286 for Russell 2000, 3,667.46 for Euro Stoxx 50
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| Downside thresholds: | 6,458.93 for Nasdaq-100, 967.643 for Russell 2000, 1,833.73 for Euro Stoxx 50, 50% of initial level
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| Coupon barriers: | 7,750.716 for Nasdaq-100, 1,161.172 for Russell 2000, 2,200.476 for Euro Stoxx 50, 60% of initial levels
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| Call levels: | 11,626.074 for Nasdaq-100, 1,741.757 for Russell 2000, 3,300.714 for Euro Stoxx 50, 90% of initial levels
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61774D5B9
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