Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.05 million contingent income autocallables on three indexes
New York, May 27 – Morgan Stanley Finance LLC priced $1.05 million of contingent income autocallable securities due May 23, 2025 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.4%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Nov. 21, 2022.
At maturity, the payout will be par unless the worst performing index finishes below its 70% 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: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
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| Amount: | $1,046,000
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| Maturity: | May 23, 2025
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| Coupon: | 8.4%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date
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| 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 underlying index
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| Call: | Automatically at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Nov. 21, 2022
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| Initial levels: | 31,261.90 for Dow Jones industrial average, 11,835.62 for Nasdaq-100, 1,773.266 for Russell 2000
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| Downside threshold: | 21,883.33 for Dow Jones industrial average, 8,284.934 for Nasdaq-100, 1,241.286 for Russell 2000, 70% of initial levels
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61774DEG8
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