Published on 1/4/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.8 million 9% contingent income autocallables linked to Amazon.com, Alphabet, Apple, Microsoft
New York, Jan. 4 – Morgan Stanley Finance LLC priced $1.8 million of contingent income autocallable securities due Dec. 23, 2024 linked to Amazon.com, Inc., Alphabet Inc., Apple Inc. and Microsoft Corp. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying stock closes at or above its downside threshold on the related quarterly observation date.
The securities will be called automatically starting March 23 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 60% downside threshold 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
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying stocks: | Amazon.com, Inc., Alphabet Inc. class C capital stock, Apple Inc. and Microsoft Corp.
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| Amount: | $1.8 million
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| Maturity: | Dec. 23, 2024
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| Coupon: | 9%, paid quarterly, if each underlying stock closes at or above its downside threshold on the related quarterly observation date
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| Price: | Par
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| 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 underlying stock
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| Call: | Automatically starting March 23 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date
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| Initial levels: | $172.26 for Apple, $3,377.42 for Amazon.com, $2,896.77 for Alphabet class C capital stock, $324.90 for Microsoft Corp.
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| Downside thresholds: | $103.356 for Apple, $2,026.452 for Amazon.com, $1,738.062 for Alphabet class C capital stock, $194.94 for Microsoft Corp., 60% of initial levels
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| Pricing date: | Dec. 17
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| Settlement date: | Dec. 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.24%
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| Cusip: | 61773HVK2
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