Published on 3/21/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.77 million 12.4% callable contingent income securities on Nasdaq, Russell, Dow
New York, March 21 – Morgan Stanley Finance LLC priced $2.77 million of callable contingent income securities due Dec. 19, 2024 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 of 12.4%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities may be called starting June 22 at par 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: | $2.77 million
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| Maturity: | Dec. 19, 2024
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| Coupon: | 12.4%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related 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 June 22 at par on any quarterly call date
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| Initial levels: | 34,063.10 for Dow Jones industrial average, 13,956.79 for Nasdaq-100 index, 2,030.720 for Russell 2000 index
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| Downside threshold: | 20,437.86 for Dow Jones industrial average, 8,374.074 for Nasdaq-100 index, 1,218.432 for Russell 2000 index, 60% of initial levels
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| Coupon barrier: | 25,547.325 for Dow Jones industrial average, 10,467.593 for Nasdaq-100 index, 1,523.040 for Russell 2000 index, 75% of the initial levels
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773QQN2
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