Published on 12/7/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $7.3 million callable contingent income securities on three indexes
New York, Dec. 7 – Morgan Stanley Finance LLC priced $7.30 million of callable contingent income securities due Nov. 2, 2023 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 9.05%, paid quarterly, if each underlying index closes at or above its downside threshold on every trading day during the observation period.
The securities may be called starting Feb. 3, 2022 and on any subsequent determination date at par.
At maturity the payout will be par unless the worst performing index closes below its 75% 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: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $7,301,000
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| Maturity: | Nov. 2, 2023
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| Coupon: | 9.05%, paid quarterly, if each underlying index closes at or above its downside threshold on every trading day during the observation period
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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 Feb. 3, 2022 and on any subsequent determination date at par
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| Initial level: | 2,297.191 for Russell 2000 index, 4,605.38 for S&P 500 index, 4,250.56 for Euro Stoxx 50 index
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| Downside threshold: | 1,722.893 for Russell 2000 index, 3,454.035 for S&P 500 index, 3,187.92 for Euro Stoxx 50 index, 75% of initial levels
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| Pricing date: | Oct. 29
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| Settlement date: | Nov. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61773HBA6
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