Published on 1/27/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $7.12 million contingent income autocalls on three indexes
New York, Jan. 27 – Morgan Stanley Finance LLC priced $7.12 million of contingent income autocallable securities due Jan. 28, 2027 linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting July 25, 2022 at par if the level of each underlying index is greater than or equal to 105% of its initial price on any monthly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that 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, S&P 500 index and Euro Stoxx 50 index
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| Amount: | $7.12 million
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| Maturity: | Jan. 28, 2027
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| Coupon: | 6.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier 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 closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying index
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| Call: | Automatically starting July 25, 2022 at par if the level of each underlying index is greater than or equal to 105% of its initial price on any monthly call determination date
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| Initial level: | 2,033.511 for Russell, 4,410.13 for S&P, 4,054.36 for Stoxx
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| Downside threshold: | 1,423.458 for Russell, 3,087.091 for S&P, 2,838.052 for Stoxx; 70% of initial levels
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| Coupon barrier: | 1,525.133 for Russell, 3,307.598 for S&P, 3,040.770 for Stoxx; 75% of the initial levels
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| Call threshold: | 2,135.187 for Russell, 4,630.637 for S&P, 4,257.078 for Stoxx;,105% of the initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.49%
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| Cusip: | 61773HD63
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