Published on 9/6/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.47 million callable contingent income securities on indexes
New York, Sept. 6 – Morgan Stanley Finance LLC priced $1.47 million of callable contingent income securities due June 4, 2024 linked to 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 9.25%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities may be called at par on any quarterly call date.
At maturity, the payout will be par unless the worst performing index finishes below its 50% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $1,472,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 9.25%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing underlying index
|
| Call option: | At par on any quarterly call date
|
| Initial levels: | 31,790.87 for Dow Jones industrial average, 12,342.70 for Nasdaq-100, 1,855.594 for Russell 2000
|
| Downside threshold: | 15,895.435 for Dow Jones industrial average, 6,171.35 for Nasdaq-100, 927.797 for Russell 2000, 50% of initial levels
|
| Coupon barriers: | 22,253.609 for Dow Jones industrial average, 8,639.89 for Nasdaq-100, 1,298.916 for Russell 2000, 70% of initial levels
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 2
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
|
|
| Cusip: | 61774D6B8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
