Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $745,000 10.25% callable contingent income notes on indexes
Chicago, June 7 – Morgan Stanley Finance LLC priced $745,000 of callable contingent income securities due Aug. 3, 2023 linked to the worst performing of the 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 10.25%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting Feb. 3, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the any index closes below its 70% downside threshold during the life of the notes in which case investors will be fully exposed to the return of the worst performing index with a maximum payout of par.
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: | $745,000
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Maturity: | Aug. 3, 2023
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Coupon: | 10.25% annual rate, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the any index closes below its downside threshold level during the life of the notes in which case investors will be fully exposed to the return in the worst performing underlying index with a maximum payout of par
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Call: | Starting Feb. 3, 2022 at par on any quarterly call date
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Initial levels: | 35,819.56 for Dow, 15,850.47 for Nasdaq, 2,297.191 for Russell
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Downside thresholds: | 25,073.692 for Dow, 11,095.329 for Nasdaq, 1,608.034 for Russell, 70% of initial levels
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Pricing date: | Oct. 29, 2021
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Settlement date: | Nov. 3, 2021
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61773F3W1
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