Published on 5/24/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $550,000 contingent income autocallables on three tech stocks
New York, May 24 – Morgan Stanley Finance LLC priced $550,000 of contingent income autocallable securities due May 1, 2024 linked to Amazon.com, Inc., Twitter, Inc. and Facebook, Inc. stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 25%, paid monthly, if each underlying stock closes at or above its 80% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the price of each underlying stock is greater than or equal to its initial price on any monthly call determination date starting Jan. 31, 2022.
At maturity, the payout will be par unless the worst performing stock finishes below its 70% 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., Twitter, Inc. and Facebook, Inc.
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| Amount: | $550,000
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| Maturity: | May 1, 2024
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| Coupon: | 25%, paid monthly, if each underlying stock closes at or above its 80% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock finishes 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 Jan. 31, 2022, at par if the price of each underlying stock is greater than or equal to its initial price on any monthly call determination date
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| Initial levels: | $3,320.37 for Amazon.com, $328.69 for Facebook, $62.11 for Twitter
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| Downside thresholds: | $2,324.259 for Amazon.com, $230.083 for Facebook, $43.477 for Twitter, 70% of initial levels
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| Coupon barrier: | $2,656.296 for Amazon.com, $262.952 for Facebook, Inc., $49.688 for Twitter, 80% of the initial levels
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| Strike date: | Oct. 25, 2021
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| Pricing date: | Oct. 26, 2021
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| Settlement date: | Oct. 29, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61773F8J5
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