Published on 3/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.25 million callable contingent income securities on three indexes
New York, March 22 – Morgan Stanley Finance LLC priced $2.25 million of callable contingent income securities due March 21, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.5%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting June 23 at par on any quarterly call 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: | Callable contingent income securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $2,245,000
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| Maturity: | March 21, 2024
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| Coupon: | 14.5%, paid quarterly, if each underlying index closes at or above its 70% 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 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: | Starting June 23 at par on any quarterly call date
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| Initial levels: | 34,063.10 for Dow Jones industrial average, 13,956.79 for Nasdaq-100 index, 2,030.720 for Russell 2000 index
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| Downside threshold: | 23,844.17 for Dow Jones industrial average, 9,769.753 for Nasdaq-100 index, 1,421.504 for Russell 2000 index, 70% of initial levels
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| Strike date: | March 16
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773QSP5
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