Published on 4/21/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.38 million contingent income autocallables on Amazon, Apple
New York, April 21 – Morgan Stanley Finance LLC priced $4.38 million of contingent income autocallable securities due April 24, 2025 linked to Amazon.com, Inc. and Apple Inc. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.26%, paid quarterly, if each underlying stock closes at or above its 65% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Oct. 21, 2022 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 65% 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. and Apple Inc.
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| Amount: | $4.38 million
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| Maturity: | April 24, 2025
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| Coupon: | 10.26%, paid quarterly, if each underlying stock closes at or above its 65% 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 Oct. 21, 2022 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: | $165.07 for Apple Inc., $3,055.70 for Amazon.com, Inc.
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| Downside thresholds: | $107.296 for Apple Inc., $1,986.205 for Amazon.com, Inc., 65% of initial levels
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61773QJ91
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