Published on 7/3/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.42 million 9% contingent income autocalls on indexes
By Kiku Steinfeld
Chicago, July 5 – Morgan Stanley Finance LLC priced $1.42 million of contingent income autocallable securities due March 27, 2023 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting June 22, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 75% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing 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: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,416,000
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| Maturity: | March 27, 2023
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| Coupon: | 9%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date
|
| 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 index
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| Call: | Automatically starting June 22, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
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| Initial levels: | 16,180.14 for Nasdaq, 2,221.903 for Russell
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| Downside thresholds: | 12,135.105 for Nasdaq, 1,666.427 for Russell, 75% of initial levels
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| Pricing date: | Dec. 22, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773HNJ4
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