Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.1 million 5.5% callable contingent income securities linked to Nasdaq, Russell, Dow
New York, Dec. 4 – Morgan Stanley Finance LLC priced $2.1 million of callable contingent income securities due March 31, 2026 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 based on a 5.5% annual rate, 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 March 31, 2022 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: | Nasdaq-100 index, Russell 2000 index and Dow Jones Industrial Average
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| Amount: | $2,097,000
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| Maturity: | March 31, 2026
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| Coupon: | 5.5% annual rate, paid quarterly, if each underlying index closes at or above its 75% coupon barrier 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 March 31, 2022 on any quarterly call date
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| Initial level: | 33,072.88 for Dow Jones Industrial Average, 12,979.12 for Nasdaq-100 index, 2,221.482 for Russell 2000 index
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| Downside threshold: | 19,843.728 for Dow Jones Industrial Average, 7,787.472 for Nasdaq-100 index, 1,332.889 for Russell 2000 index, 60% of initial levels
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| Coupon barrier: | 24,804.66 for Dow Jones Industrial Average, 9,734.34 for Nasdaq-100 index, 1,666.112 for Russell 2000 index, 75% of the initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61771VET3
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