Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $250,000 of contingent income autocallable securities due April 16, 2024 linked to the ARK Genomic Revolution ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 26.5%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Jan. 17, 2023 at par on any monthly call determination date if the ETF closes above its initial level.
At maturity the payout will be par unless the ETF closes below its 50% downside threshold level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | ARK Genomic Revolution ETF
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| Amount: | $250,000
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| Maturity: | April 16, 2024
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| Coupon: | 26.5% annual rate, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its downside threshold level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting Jan. 17, 2023 at par on any monthly call determination date if the ETF closes above its initial level
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| Initial level: | $31.73
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| Coupon barrier: | $22.211, 70% of initial level
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| Downside threshold: | $15.865, 50% of initial level
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| Pricing date: | Oct. 11, 2022
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| Settlement date: | Oct. 14, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.375%
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| Cusip: | 61774HHD3
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