Published on 7/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $630,000 contingent income autocallables on three indexes
New York, July 22 – Morgan Stanley Finance LLC priced $630,000 of contingent income autocallable securities due Jan. 3, 2025 linked to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.8%, 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 closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Dec. 30, 2022.
At maturity, the payout will be par unless the worst performing index finishes below its 70% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing 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 S&P 500 index
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| Amount: | $630,000
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| Maturity: | Jan. 3, 2025
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| Coupon: | 10.8%, 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 index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting Dec. 30, 2022
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| Initial levels: | 11,503.72 for Nasdaq-100, 1,707.990 for Russell 2000, 3,785.38 for S&P 500
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| Downside thresholds: | 8,052.604 for Nasdaq-100, 1,195.593 for Russell 2000, 2,649.766 for S&P 500, 70% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 61774DWA1
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