Chicago, Sept. 26 – Morgan Stanley Finance LLC priced $498,000 of callable contingent income securities due Sept. 26, 2024 linked to common stock of Citigroup Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid quarterly, if the underlying stock closes at or above its 66% downside threshold on the related quarterly observation date.
The securities may be called starting Dec. 27, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the stock closes below its 66% downside threshold in which case investors will be fully exposed to the decline of the 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: | Callable contingent income securities
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| Underlying stock: | Citigroup Inc.
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| Amount: | $498,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 15% annual rate, paid quarterly, if the underlying stock closes at or above its 66% downside threshold on the related quarterly observation date
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| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying stock
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| Call: | Starting Dec. 27, 2022 at par on any quarterly call date
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| Initial level: | $46.33
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| Downside threshold: | $30.578, 66% of initial level
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| Pricing date: | Sept. 21, 2022
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| Settlement date: | Sept. 26, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61774HFV5
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