Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $750,000 17.45% contingent income autocallables on two stocks
Chicago, Feb. 27 – Morgan Stanley Finance LLC priced $750,000 of contingent income autocallable securities due May 8, 2025 linked to the common stock of Micron Technology, Inc. and the American Depositary Shares of Sea Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.45%, paid monthly, if each underlying stock closes at or above its 50% downside threshold on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Aug. 10, 2022 at par if the price of each underlying stock is greater than or equal to 80% of its initial price on any monthly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 50% downside threshold level in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stocks: | Micron Technology, Inc. and Sea Ltd.
|
| Amount: | $750,000
|
| Maturity: | May 8, 2025
|
| Coupon: | 17.45% annual rate, paid monthly, if each underlying stock closes at or above its 50% downside threshold on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically starting Aug. 10, 2022 at par if the price of each underlying stock is greater than or equal to 80% of its initial price on any monthly call determination date
|
| Initial levels: | $71.29 for Micron, $81.91 for Sea
|
| Downside thresholds: | $35.645 for Micron, $40.955 for Sea; 50% of initial levels
|
| Call threshold: | $57.032 for Micron, $65.528 for Sea; 80% of initial levels
|
| Pricing date: | May 6, 2022
|
| Settlement date: | May 11, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.6%
|
| Cusip: | 61774DBQ9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
